The Supreme Court on Friday refused to entertain a plea seeking direction to the Centre and RBI that those running play schools be granted “interest free moratorium period for term loans” and that their EMI be deferred till the corona situation subsides.
A bench comprising Justices L Nageswara Rao and B R Gavai, however, granted liberty to the petitioner to approach the RBI with his representation
“How can the court grant the relief you are asking for in this petition. You make a representation they will decide but don’’t file petitions like this. It’’s not within the realm of this court to provide what you are asking for and the relaxations you are seeking,” the bench said.
At this juncture, advocate Rohit Pandey, appearing for the petitioner, sought liberty to approach the Reserve Bank of India (RBI) with his representation.
The top court then granted liberty to the petitioner that he may approach the RBI.