In September 2020, the Supreme Court had ordered that no accounts can be declared as Non-Performing Assets (NPA) in connection with the moratorium matter. However, the petitioners claimed that Reserve Bank of India (RBI) Governor Shaktikanta Das, Chief Executive of Indian Banks Association (IBA) and others did not ensure the compliance of the order of the court throughout the country.
The petitioners are Azeez Trading Company, Umrazz Trading Corporation, Ajay Hotel and Restaurant, Latur, Maharashtra who filed their plea through lawyer Vishal Tiwari and Advocate On Record (AOR) Abhigya.
The petitioners alleged that the respondents, Das and Mehta were duty-bound to promulgate and ensure the compliance of the order of this court throughout the country but they deliberately didn't.
The petitioners claimed that the act of the respondents had not only disobeyed the court's order but also caused severe irreparable damage and loss to the petitioners. "The petitioners have lost their image and has been defamed as the possession notice was published in the newspapers of his locality which made the dignity of the petitioner lower," it added.
The Supreme Court's order, dated September 3, 2020, was to be followed by all lending institutions and banks throughout the country. The order was passed in favour of all borrowers accounts to grant relief from financial stress during the COVID-19 pandemic, Tiwari said in the petition.
The Septemberorder was passed in the presence of the respondents represented by their counsel and all were very well aware of the stay order, the petition said.
