SC welcomes relief on interest but wants it to be speeded up

The Supreme Court on Wednesday said it was a “welcome move” on the Centre's part to waive compound interest on instalments of loans up to Rs 2 crore payable during the six-month moratorium period of March 1 to August 31 but frowned upon the over one-month time it sought to implement the decision. Justice Shah said in a lighter vein, "Their (people's) Diwali is in your hands."

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