Supreme Court Adjourns Hearing In Loan Relief Case

The Supreme Court on Wednesday adjourned until the next day its hearing in the case on a loan relief scheme for borrowers to help them tide over the coronavirus pandemic. The top court was hearing a batch of petitions regarding charging of interest on interest - or compound interest - by banks on EMIs delayed by borrowers for the March-August period under a scheme approved by the RBI that would provide relief to millions of people.