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  • Gajendra - Sharma - Vs - Union - of - India

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    The Supreme Court of India heard a writ petition regarding classifying bank accounts as non-performing assets (NPAs) during the COVID-19 pandemic. The Solicitor General requested to adjourn the matter, which the court agreed to do. A senior advocate submitted that no accounts should be classified as NPAs for at least two months. In view of this, the court ordered that any accounts not already declared NPAs as of August 31, 2020 will not be declared NPAs until further court orders.

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    8. Gajendra_Sharma_vs_Union_of_India

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    The Supreme Court of India heard a writ petition regarding classifying bank accounts as non-performing assets (NPAs) during the COVID-19 pandemic. The Solicitor General requested to adjourn the matter, which the court agreed to do. A senior advocate submitted that no accounts should be classified as NPAs for at least two months. In view of this, the court ordered that any accounts not already declared NPAs as of August 31, 2020 will not be declared NPAs until further court orders.

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    © All Rights Reserved
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    44 views1 page

    Gajendra - Sharma - Vs - Union - of - India

    Uploaded by

    indrajit roy
    The Supreme Court of India heard a writ petition regarding classifying bank accounts as non-performing assets (NPAs) during the COVID-19 pandemic. The Solicitor General requested to adjourn the matter, which the court agreed to do. A senior advocate submitted that no accounts should be classified as NPAs for at least two months. In view of this, the court ordered that any accounts not already declared NPAs as of August 31, 2020 will not be declared NPAs until further court orders.

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    of 1

    MANU/SCOR/36902/2020

    IN THE SUPREME COURT OF INDIA


    Writ Petitions Civil Nos. 825/2020
    Date of Order: 03.09.2020
    Appellants: Gajendra Sharma
    Vs.
    Respondent: Union of India & Anr.
    ORDER
    At the request of the Mr. Tushar Mehta, learned Solicitor General, the matter is
    adjourned for 10.09.2020.
    Mr. Harish Salve, learned Senior Advocate, submitted that no account shall become
    NPA atleast for a period of two months.
    In view of the above, the accounts which were not declared NPA till 31.08.2020 shall
    not be declared NPA till further orders.

    © Manupatra Information Solutions Pvt. Ltd.

    14-09-2021 (Page 1 of 1) www.manupatra.com The Rajiv Gandhi National University of Law

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