Advocate Sinha

Every hard action & decision always has two predicted & perceived aspects, sides & consequences; good & bad, virtues & evils, gains & side effects. Prevention is better than cure is the most repetitive proverb used ever since lockdown has been applied all over to fight & avoid invisible CORONA. Needless to repeat that due to dearth of medicine & vaccine such unheard, unimaginable decision had to apply & embrace having no alternate & remedy next best to this. As unfortunate never comes singly so did the advent & attack of Corona. Keeping & putting everything at bay and as it is to stop it from spreading all over vastly & tremendously such decision howsoever unpleasant & unwanted on such mass level had to be taken without keeping everything in place and letting mass movements from here to there only to refrain & restrain its effect any further to the discomfort & annoyance of lacs of people held up & stuck ...

In the present scenario prevailed & paralyzed over the world including our nation, the economy, finance & fiscal policy & the situation being faced largely is the one major issue after the most important issue of life & sustenance apparently & undisputed.  The dilemma of Banks & borrowers in the backdrop of RBI Circulations & Regulations have created bit confusion in the minds of all concerned being bit dicey, fishy having ambiguity, contradictions, and apprehensions at fore. To say & understand the policy of deferment of Installments/EMI falling between the lockdown period has been in the public domain but both as a layman or lawyer I understand that it should be applicable to those Accounts wherein EMI is falling amidst this period thickly in entirety however the problem of the Bank is perpetual; as we have confronted in some cases wherein the Account was slipping & falling NPA just after the lockdown is announced.  As we all know...