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Kerala HC pointed out that although the RBI does not have the power to force banks to rule
Kerala HC said that the fact that the total exposure faced by banks is not very high, the Kerala Bank has completed the loan amount to RS 4.98 million rupees. (Image for representation: Getty)
The Superior Court of Kerala said Thursday that the Government of the Union and the National Authority for Disaster Management that they choose not to lead the banks to renounce the loans of the victims of the Wayanad land landslides, although it is classified as “severe” was a “complete abdication” of responsibility “of responsibility” or responsibility “of.
A Bank of Judges Ak Jayasankaran Nambiar and Easwaran said that although the Bank of the Reserve of India (RBI) does not have the power to rule out loans from the people affected by the disaster, the National Disaster Management Authority (NDMA) is empowered. Dodma)
“We could emphasize that in the thesis procedures, we face a situation in which the natural disaster in question has been classified as” severe “by the Government of the Union itself, and yet the NDMA has not chosen even to consider under the loans of exercise.
The center and the State had submitted sworn statements in the matter. Kerala HC ordered both to deliberate whether the situation projected in these programs requires the invocation of the provisions of section 13 of the Disaster Management Law, to lead the banks to renounce their loans to the victims.
“In our opinion, section 13 of the Disaster Management Law, which annuls the nature of nature, is expressed in a sufficiently wide phraseology to train the National Disaster Management Authority [NDMA] To lead banks to give up/cancel pending loans against people who have the leg affected by natural disasters, “he observed.
The Court also declared that in situations in which most loan banks are seen resort to “Shylockian methods for loans” in people, including those affected by a severe natural disaster, the center must have the center to live in the governments of the union and the states for survival. “
The court also said that the fact that the total exhibition faced by the banks is not very high, the Kerala Bank has completely renounced the loan amounts of up to RS 4.98 million rupees.
- Location:
Kerala, India, India