https://www.taxtmi.com/caselaws?id=295311 The Disaster Management Act, 2005 did not impose a mandatory duty to frame a sector-wise loan waiver or a specific financial relief package for pandemic-affected borrowers, because the statutory scheme leaves relief policy to enabling powers and coordinated executive action. Judicial review would not disturb the RBI's moratorium and resolution framework as economic policy absent patent arbitrariness, discrimination, mala fides or constitutional inconsistency. However, a moratorium is only a deferment of payment, so charging interest on interest, compound interest or penal interest for that period was held impermissible. Amounts already recovered under that head were required to be refunded or adjusted in future instalments. en-us Tue, 23 Mar 2021 00:00:00 +0530 Thu, 23 Jun 2022 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295311 The Disaster Management Act, 2005 did not impose a mandatory duty to frame a sector-wise loan waiver or a specific financial relief package for pandemic-affected borrowers, because the statutory scheme leaves relief policy to enabling powers and coordinated executive action. Judicial review would not disturb the RBI's moratorium and resolution framework as economic policy absent patent arbitrariness, discrimination, mala fides or constitutional inconsistency. However, a moratorium is only a deferment of payment, so charging interest on interest, compound interest or penal interest for that period was held impermissible. Amounts already recovered under that head were required to be refunded or adjusted in future instalments. Case-Laws Customs Tue, 23 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295311