HC restrained bank from classifying educational society account as NPA as per moratorium allowed by RBI

FEMA, BANKING & INSURANCE : Where on account of lockdown and directive issued by State Government, petitioner-society was prevented from demanding due fees from students, in view of RBI's regulatory package declaring 90 days moratorium period, respondent-bank was to be restrained from declaring petitioner's loan accounts as NPA during lockdown period

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