The Centre informed the Supreme Court on Monday that a decision is likely in 2-3 days over charging of interest by banks on instalments which were deferred during the moratorium period in view of the Covid-19 pandemic.
The top court asked the Centre to bring the decision on record and circulate the affidavit to the parties in a batch of pleas challenging interest on deferred instalments.
The Centre informed the top court that the matter has received very serious consideration and the decision making process is at a very advanced stage.A bench headed by Justice Ashok Bhushan said that it would hear the batch of pleas filed by various industries, trade associations and individuals on October 5.
“We will fix the matter for Monday (October 5). Whatever is your policy, whatever you have, you circulate it. We will take it up on Monday. We don''t want any further adjournment,” the bench also comprising Justices R Subhash Reddy and M R Shah observed.
The bench recorded the statement of Solicitor General Tushar Mehta, appearing for the Centre, that this issue is under active consideration of the government and a decision is likely to be taken within two-three days.
It said that Mehta shall endeavour to circulate the affidavit among the parties by Thursday so that the matter is heard on October 5.