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Commission has failed to take into the account the rapid pace of the rise of the global pandemic
cases. This rejoinder reply was filed by Advocate Alakh Alok Srivastava.
5. A plea has been passed in the Supreme Court seeking extension of the
loan Moratorium announced by the Reserve Bank of India as well as
fixing lending rates.
The writ passed by Coimbatore Jewellery Manufacturers Association requesting the courts to
instruct the reserve bank to extend the Loan Moratorium beyond the 31st of this month. The
plea further urges the apex court to order a fixation in lending rates offered by the banks
contending that “banks have failed to pass on the benefits of reduced rates of interest to their
customers despite multiple cuts in policy rates (repo, reverse repo and bank rate) made by RBI".
Highlighting that despite lower repo, reverse repo and bank rates assigned there are no signs
of relief due to high interest rates charged upon loans.
6. The madras high court observes that “'Virtual Court Is Boon For
Legal Fraternity; Even Moffusil Advocate Can Comfortably Present
Case Anywhere”.
A single bench constituting, Justice Pugalendhi on being questioned about the listing of cases
for the final hearing through virtual means, says that “this system of Virtual Courts are
comfortable for admission for the learned Counsel this Court fails to understand why it is
difficult for them to conduct the final hearing cases”.