No compound, penal interest be charged from borrowers during loan moratorium period: SC
New Delhi: The Supreme Court Tuesday directed that no compound or penal interest shall be charged from borrowers for the six-month loan moratorium period, which was announced last year amid the COVID-19 pandemic, and the amount already charged shall be refunded, credited or adjusted.
The apex court refused to interfere with the Centre's and Reserve Bank of India (RBI's) decision to not extend the loan moratorium beyond August 31 last year, saying it is a policy decision.
A bench headed by Justice Ashok Bhushan said the top court cannot do judicial review of the Centre's financial policy decision unless it is malafide and arbitrary.
The apex court said it cannot interfere with the government's decision to fix priorities for relief during the pandemic which has affected all across the country.
The bench said this in its verdict on a batch of pleas filed by various trade associations, including from real estate and power sectors, seeking extension of the loan moratorium period and other reliefs in view of the pandemic.
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Blue corner notice issued against Prajwal Revanna, says Karnataka HM G Parameshwara
Bengaluru, May 5: Karnataka Home Minister Dr G Parameshwara on Sunday said a Blue Corner notice has been issued and Interpol's help is being taken to bring NDA's Hassan Lok Sabha candidate Prajwal Revanna, who is facing sexual harassment cases, back to India.
A Blue Corner Notice is issued by the international police cooperation body to collect additional information from its member countries about a person's identity, location or activities in relation to a crime.
The minister said the Special Investigation Team formed to probe the sex scandal will decide on how to bring Prajwal back.
"Already Blue Corner notice has been issued. The Interpol will inform all the countries and locate him," Parameshwara told reporters here.
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Appreciating the work of SIT, formed to probe the case, he said the team is doing its job and has acted as per law on the complaints it has received.
He recalled it has arrested the 'accused,' apparently referring to Prajwal's father HD Revanna, who was apprehended in an abduction case.
Prajwal's father Revanna, a JD(S) MLA, is also facing molestation and kidnapping charges, and has been arrested by the SIT on Saturday.
He was arrested by the sleuths of SIT on Saturday in the kidnapping case linked to sexual abuse allegations against his son Prajwal. He was picked up soon after a court here rejected his anticipatory bail plea.
Explicit video clips allegedly involving the 33-year-old Prajwal, grandson of JD(S) patriarch and former Prime Minister Deve Gowda, had started making the rounds in Hassan in recent days, following which the state government constituted the SIT to probe the sexual abuse allegations against the MP.
