Be Alert - Important Court Hearing on Friday - June 12th, 2020

Alchemist

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The bank moratorium case hearing is scheduled for 12th June 2020.

Already the judges have expressed their displeasure with the terms of the moratorium.

I am not sure when the final judgement will be pronounced, but if it goes against the banks, we will have a massive sell-off in the market (which may or may not be temporary).

“On one hand granting moratorium and then payment of interest... This is detrimental... These are unprecedented times... These are not normal times,” Justice Sanjay Kishan Kaul orally remarked during the virtual court hearing.

https://www.thehindu.com/business/E...er-three-month-moratorium/article31746908.ece
 

Alchemist

Administrator
Staff member
#2
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