SC refuses to pass direction on plea to redress hardship of borrowers amid Covid-19 wave

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NEW DELHI: The Supreme Court on Friday refused to pass direction on a plea seeking remedial measures to redress the financial hardship faced by borrowers during the second wave of Covid-19 pandemic, saying it is in the realm of policy decision.
“Government has many things to do. They have to spend money on vaccine, they have to spend money on migrant labourers. We cannot do it like this,” the apex court said, adding that it is for the Centre and the RBI to consider the issue.
“These are all in the realm of policy decision. These are issues having financial implications and we are not the experts,” a bench of Justices Ashok Bhushan and M R Shah told advocate Vishal Tiwari, who has filed the petition.
The top court was hearing the plea which sought directions to the Centre and the Reserve Bank of India (RBI) to take effective and remedial measures, including in the form of…

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