On failure of borrower to honour payment of settlement amount as per sanction terms, benefits of RBI Circulars issued during Pandemic cannot be availed
Reserve Bank of India issued a Circular dated March 27, 2020, on account of pandemic, permitting Banks to grant a moratorium of three months from March 1, 2020, to May 31, 2020, to be attended by the rescheduling of the tenure by three months post-moratorium. By a Circular dated May