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Delhi HC stays no coercive action against IHFL

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New Delhi: The Delhi high court on Wednesday stayed an interim order of a single-judge bench that had forbidden coercive action against mortgage lender IndiaBulls Housing Finance Limited (IHFL) for not paying creditors' dues.

The Securities Exchange Board of India, IDBI Trusteeship Services Limited and the Association of Mutual Funds of India had on Tuesday moved the Delhi high court against the order.

On the last date of hearing, senior advocate Rajiv Nayar, appearing for IHFL, had relied on the Reserve Bank of India’s 27 March circular that allowed banks and financial institutions to provide a three-month moratorium on all term loans, between 1 March and 31 May, subject to borrower making such a request.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
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Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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