Don’t declare accounts NPA till further orders, says Supreme Court

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In a respite to stressed borrowers, the on Thursday directed that accounts not declared (NPAs) as of August 31 should not be classified as such until further orders.


A three-judge Bench headed by Justice Ashok Bhushan was hearing a batch of petitions challenging the levy of interest on loans during the moratorium period. The Bench will hear the case next on September 10.



The apex court’s directive came while noting the submissions of senior lawyer Harish Salve, who appeared for a banks’ association and said that “no account shall become NPA at least for a period of two months”.


“In view of the above, the accounts which were not declared NPA till August 31, 2020, shall not be declared NPA till further orders,” said the Bench, also comprising Justices R S Reddy and M R Shah.


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A plea filed by Agra resident Gajendra Sharma has sought a direction to declare the portion of the Reserve Bank of India’s (RBI’s) March 27 notification as something beyond the regulator’s legal power

Coca-Cola restructures global ops; India upgraded to operating unit

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The Gurgaon-headquartered unit will also see changes in its top leadership

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Arnab Dutta  | 
New Delhi 

Biden Meets Family Of Black Man Shot By US Police

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Joe Biden met Thursday with relatives of Jacob Blake, the black father shot by a white policeman in Wisconsin, as the presidential hopeful undertakes a mission to help a community come together after days of violent unrest.

The Democratic nominee and his wife Jill Biden were bound for Kenosha, where Blake’s shooting sparked demonstrations that turned deadly last week.

But not before they met at Milwaukee’s airport with several members of Blake’s family, including his father and three siblings. Blake’s mother participated by telephone.

The meeting was private, and reporters and photographers accompanying Biden were not invited inside.

The Biden visit, his first major trip since June due to months of coronavirus restrictions, marks an intensification of his presidential campaign two months before the US election against President Donald Trump.

As the Democratic nominee visits the city at the heart of recent US protests against racism and police brutality, is Trump barnstorming across battleground states, pitching his “law-and-order” message and reiterating his attacks on the integrity of mail-in voting.

The pandemic-induced lockdown has left Biden spending most of his time hunkered in his Wilmington, Delaware home or delivering nearby speeches to reporters, but that slack period appears to be coming

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