https://www.taxtmi.com/caselaws?id=396843 The court dismissed the writ petitions challenging the declaration of loans as Non-Performing Assets (NPAs) before the end of the moratorium period. It held that such issues were contractual and beyond the scope of writ jurisdiction, advising the petitioners to seek remedies before the Debt Recovery Tribunal. The court emphasized the limited role of the Reserve Bank of India in regulatory oversight and clarified that it does not interfere in individual loan recovery processes. The petitions were dismissed with no costs, and the RBI's actions within its regulatory framework were deemed appropriate. en-us Fri, 28 Feb 2020 00:00:00 +0530 Wed, 22 Jul 2020 08:51:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396843 The court dismissed the writ petitions challenging the declaration of loans as Non-Performing Assets (NPAs) before the end of the moratorium period. It held that such issues were contractual and beyond the scope of writ jurisdiction, advising the petitioners to seek remedies before the Debt Recovery Tribunal. The court emphasized the limited role of the Reserve Bank of India in regulatory oversight and clarified that it does not interfere in individual loan recovery processes. The petitions were dismissed with no costs, and the RBI's actions within its regulatory framework were deemed appropriate. Case-Laws Indian Laws Fri, 28 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396843