Account marked as NPA prior to pandemic was not eligible to obtain benefit of moratorium by RBI circular

FEMA, INSURANCE amp; BANKING : Where petitioner who had availed credit facilities from bank was already a defaulter and its account had been declared NPA when pandemic set in, benefit of RBI circulars granting moratorium of six months could not be extended to petitioner as account of petitioner was already marked 'NPA' and was not a 'standard' account to which benefits of Circulars could be extended

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