Clarify about RBI moratorium on NBFCs before demanding loan instalment from Indiabulls: HC to SIDBI

Delhi High Court has asked SIDBI to ascertain whether RBI's moratorium on loan repayment in the wake of COVID-19 outbreak would be applicable to NBCFs. The direction by Justice Rekha Palli came on ICCL's plea challenging a demand raised by Small industrial Development Bank of India (SIDBI) for payment of the loan instalment due in April this year.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Xu7wIP