Kolkata based mostly printing company moves SC trying to get Covid 19 relief from ICICI lender-ANI

New Delhi [India], December 25 (ANI): A petition has been submitted in the Supreme Courtroom by an organisation named Sunrise Media and Consequences Personal Confined (SMEPL), trying to find path to the respondents, which includes the Union of India (UOI) and ICICI bank to grant advantages of the Covid-19 reduction plan for grant of ex-gratia to it.
The petitioner, SMEPL, also sought a course from the Apex Courtroom to the UOI that the payment of the variance among compound interest and very simple fascination for 6 months to debtors be compensated.
The petitioner also sought that a route be made to the UOI to declare the eligibility ailment of Rs 2 crores as ultra vires.
SMEPL, having its registered office environment at Kolkata in West Bengal, is a manufacturing company and carries out the company of digital printing.
The petition was submitted through SMEPL Director, Sagarmall Bhura, by way of law firm Vishal Tiwari and Advocate on Record (AOR) Abhigya Kushwah, in advance of the Apex Court.
The petitioner sought a course to just one of the respondents, the ICICI financial institution, to grant the gain of ex-gratia payment by considering the personal bank loan accounts independently which are significantly less than Rs 2 crores.
The petitioner also sought that a course should be made to the respondents to variety a Centralised Grievance Authority/Portal for the borrowers wherever they can sign-up their problems against the banks/lending institutions for not pursuing the circulars issued for aid beneath the resolution framework.
The petitioner also sought that the respondents be directed to prolong the moratorium plan and be produced necessary and prolonged by the suitable authority from September 1, 2020, till March 31, 2021 or when complete normalcy is accomplished, whichever is previously.
The petition also sought a course that the respondents be directed to grant the restructuring and put into practice the resolution framework announced by the Reserve Financial institution of India (RBI) by way of its round dated August 6, 2020.
The eligibility problem (as decided by the respondents) is discriminatory and as the petitioner is also effected all through Covid-19 and passing by economical hardship, it would not be justified to deny him the benefit of ex-gratia payment, the petition stated.
The petitioner is acquiring separate financial loan accounts and each and every account is down below Rs 2 crores. The petitioner’s account shall be dealt with individually as each individual personal loan was disbursed at diverse periods of time and date according to the have to have. These financial loans are not top rated-up loans, the petition extra. (ANI)

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