{"id":42455,"date":"2016-04-12T18:30:40","date_gmt":"2016-04-12T13:00:40","guid":{"rendered":"https:\/\/www.legalindia.com\/news\/?p=42455"},"modified":"2016-04-13T03:12:27","modified_gmt":"2016-04-12T21:42:27","slug":"sc-disclosure-amount-outstanding-loans-rbi-resists","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/sc-disclosure-amount-outstanding-loans-rbi-resists","title":{"rendered":"SC for disclosure of amount of outstanding loans, RBI resists"},"content":{"rendered":"<figure id=\"attachment_42174\" aria-describedby=\"caption-attachment-42174\" style=\"width: 300px\" class=\"wp-caption alignright\"><a href=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/03\/2016_3img_201634141-ll.jpg?ssl=1\" rel=\"attachment wp-att-42174\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"42174\" data-permalink=\"https:\/\/www.legalindia.com\/news\/goa-land-act-sc-dismisses-pleas-challenging-validity-amendments\/2016_3img_201634141-ll\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/03\/2016_3img_201634141-ll.jpg?fit=302%2C201&amp;ssl=1\" data-orig-size=\"302,201\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Supreme Court\" data-image-description=\"&lt;p&gt;Supreme Court &lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Supreme Court &lt;\/p&gt;\n\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/03\/2016_3img_201634141-ll.jpg?fit=302%2C201&amp;ssl=1\" class=\"wp-image-42174 size-medium\" src=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/03\/2016_3img_201634141-ll.jpg?resize=300%2C200&#038;ssl=1\" alt=\"SC for disclosure of amount of outstanding loans, RBI resists\" width=\"300\" height=\"200\" srcset=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/03\/2016_3img_201634141-ll.jpg?resize=300%2C200&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/03\/2016_3img_201634141-ll.jpg?w=302&amp;ssl=1 302w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-42174\" class=\"wp-caption-text\">SC for disclosure of amount of outstanding loans, RBI resists<\/figcaption><\/figure>\n<p>Default in repayment of loans running into &#8220;lakhs of crores of rupees&#8221; today prompted the Supreme Court to throw up the idea of making public the total outstanding amount without disclosing the defaulters names, but RBI resisted the proposal citing confidentiality clause.<\/p>\n<p>&#8220;This information does make out a case. This is quite a substantial amount which is involved,&#8221; a bench, comprising Chief Justice T S Thakur and Justice R Banumathi, said after perusing the Reserve Bank of Indias list of companies and persons who had defaulted on bank loans of over Rs 500 crore.<\/p>\n<p>Expressing concern over the ever-rising amount of loans &#8220;not being returned&#8221;, the bench said &#8220;people are taking thousands of crores and running away by declaring the company as insolvent, but poor farmers who take small amount of Rs 20,000 or Rs 15,000 suffer.&#8221;<\/p>\n<p>&#8220;The total amount in default can be disclosed. Whoever be the defaulter, their names can be kept confidential but what is the total amount of default can be disclosed. Lakhs of crores of rupees are outstanding. Many of defaulters have more than Rs 500 crore and above to pay,&#8221; it said.<\/p>\n<p>The bench also sought the assistance of Ministry of Finance and Indian Banks Association by making them parties and posted the matter for further hearing on April 26.<\/p>\n<p>During the hearing, the RBI counsel cited provisions in the RBI Act and the Credit Information Companies (Regulation) Act, 2005, which mandate confidentiality of information.<\/p>\n<p>The bench at the next hearing will be assisted by all the parties on the issues likely to be framed by them, including specifically the question whether &#8220;the total outstanding amount of loans defaulted can be disclosed or not.&#8221;<\/p>\n<p>When advocate Prashant Bhushan, appearing for NGO Centre for Public Interest Litigation (CPIL), favoured disclosure of outstanding loan amount and cited the recent apex court verdict of December 2015 to claim that RBI has to provide all information, the federal banks counsel said that decision related to the Right to Information Act and would not apply in the case in hand.<\/p>\n<p>( Source &#8211; PTI )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Default in repayment of loans running into &#8220;lakhs of crores of rupees&#8221; today prompted the Supreme Court to throw up the idea of making public the total outstanding amount without disclosing the defaulters names, but RBI resisted the proposal citing confidentiality clause. &#8220;This information does make out a case. This is quite a substantial amount [&hellip;]<\/p>\n","protected":false},"author":38299,"featured_media":42174,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[146,31987,117,80,36423,18365,47726],"class_list":["post-42455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-law-news","tag-court","tag-featured","tag-law","tag-legal-news","tag-loans","tag-rbi","tag-supreme-court"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SC for disclosure of amount of outstanding loans, RBI resists - Legal News India - Supreme Court &amp; High Court Updates<\/title>\n<meta name=\"description\" content=\"Default in repayment of loans running into &quot;lakhs of crores of rupees&quot; today prompted the Supreme Court to throw up the idea of making public the total - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legalindia.com\/news\/sc-disclosure-amount-outstanding-loans-rbi-resists\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SC for disclosure of amount of outstanding loans, RBI resists - Legal News India - Supreme Court &amp; High Court Updates\" \/>\n<meta property=\"og:description\" content=\"Default in repayment of loans running into &quot;lakhs of crores of rupees&quot; today prompted the Supreme Court to throw up the idea of making public the total - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legalindia.com\/news\/sc-disclosure-amount-outstanding-loans-rbi-resists\" \/>\n<meta property=\"og:site_name\" content=\"Legal News India - Supreme Court &amp; High Court Updates\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/LegalindiaCom\/\" \/>\n<meta property=\"article:published_time\" content=\"2016-04-12T13:00:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-04-12T21:42:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/03\/2016_3img_201634141-ll.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"302\" \/>\n\t<meta property=\"og:image:height\" content=\"201\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Legal India News\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Legal India News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/sc-disclosure-amount-outstanding-loans-rbi-resists#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/sc-disclosure-amount-outstanding-loans-rbi-resists\"},\"author\":{\"name\":\"Legal India News\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#\\\/schema\\\/person\\\/2b856940493e891fdeab60e1199c3d26\"},\"headline\":\"SC for disclosure of amount of outstanding loans, RBI resists\",\"datePublished\":\"2016-04-12T13:00:40+00:00\",\"dateModified\":\"2016-04-12T21:42:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/sc-disclosure-amount-outstanding-loans-rbi-resists\"},\"wordCount\":364,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/sc-disclosure-amount-outstanding-loans-rbi-resists#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/www.legalindia.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2016\\\/03\\\/2016_3img_201634141-ll.jpg?fit=302%2C201&ssl=1\",\"keywords\":[\"Court\",\"featured\",\"Law\",\"Legal News\",\"loans\",\"RBI\",\"Supreme Court\"],\"articleSection\":[\"Top Law News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.legalindia.com\\\/news\\\/sc-disclosure-amount-outstanding-loans-rbi-resists#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/sc-disclosure-amount-outstanding-loans-rbi-resists\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/sc-disclosure-amount-outstanding-loans-rbi-resists\",\"name\":\"SC for disclosure of amount of outstanding loans, RBI resists - Legal News India - Supreme Court &amp; High Court Updates\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/sc-disclosure-amount-outstanding-loans-rbi-resists#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/sc-disclosure-amount-outstanding-loans-rbi-resists#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/i0.wp.com\\\/www.legalindia.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2016\\\/03\\\/2016_3img_201634141-ll.jpg?fit=302%2C201&ssl=1\",\"datePublished\":\"2016-04-12T13:00:40+00:00\",\"dateModified\":\"2016-04-12T21:42:27+00:00\",\"description\":\"Default in repayment of loans running into \\\"lakhs of crores of rupees\\\" today prompted the Supreme Court to throw up the idea of making public the total - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/sc-disclosure-amount-outstanding-loans-rbi-resists#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.legalindia.com\\\/news\\\/sc-disclosure-amount-outstanding-loans-rbi-resists\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/sc-disclosure-amount-outstanding-loans-rbi-resists#primaryimage\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/www.legalindia.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2016\\\/03\\\/2016_3img_201634141-ll.jpg?fit=302%2C201&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/www.legalindia.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2016\\\/03\\\/2016_3img_201634141-ll.jpg?fit=302%2C201&ssl=1\",\"width\":302,\"height\":201,\"caption\":\"Supreme Court\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/sc-disclosure-amount-outstanding-loans-rbi-resists#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Top Law News\",\"item\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/category\\\/top-law-news\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"SC for disclosure of amount of outstanding loans, RBI resists\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/\",\"name\":\"Legal News India - Supreme Court & High Court Updates\",\"description\":\"Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#organization\"},\"alternateName\":\"Legal News India for Advocates, Lawyers & Law Students\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#organization\",\"name\":\"Legal News India: Supreme Court, High Courts & Govt Updates\",\"alternateName\":\"Legal News India for Advocates, Lawyers & Law Students\",\"url\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/www.legalindia.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2018\\\/05\\\/538552_367793346590451_81997783_n.jpg?fit=250%2C250&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/www.legalindia.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2018\\\/05\\\/538552_367793346590451_81997783_n.jpg?fit=250%2C250&ssl=1\",\"width\":250,\"height\":250,\"caption\":\"Legal News India: Supreme Court, High Courts & Govt Updates\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/LegalindiaCom\\\/\",\"https:\\\/\\\/x.com\\\/Legal_india\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/#\\\/schema\\\/person\\\/2b856940493e891fdeab60e1199c3d26\",\"name\":\"Legal India News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c408fba78be47a892c53d34c8fba7cbe12a0e770170ebcd127d6bfbd0d521664?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c408fba78be47a892c53d34c8fba7cbe12a0e770170ebcd127d6bfbd0d521664?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/c408fba78be47a892c53d34c8fba7cbe12a0e770170ebcd127d6bfbd0d521664?s=96&d=mm&r=g\",\"caption\":\"Legal India News\"},\"sameAs\":[\"https:\\\/\\\/www.legalindia.com\\\/news\\\/\"],\"url\":\"https:\\\/\\\/www.legalindia.com\\\/news\\\/author\\\/news\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SC for disclosure of amount of outstanding loans, RBI resists - Legal News India - Supreme Court &amp; High Court Updates","description":"Default in repayment of loans running into \"lakhs of crores of rupees\" today prompted the Supreme Court to throw up the idea of making public the total - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.legalindia.com\/news\/sc-disclosure-amount-outstanding-loans-rbi-resists","og_locale":"en_US","og_type":"article","og_title":"SC for disclosure of amount of outstanding loans, RBI resists - Legal News India - Supreme Court &amp; High Court Updates","og_description":"Default in repayment of loans running into \"lakhs of crores of rupees\" today prompted the Supreme Court to throw up the idea of making public the total - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.","og_url":"https:\/\/www.legalindia.com\/news\/sc-disclosure-amount-outstanding-loans-rbi-resists","og_site_name":"Legal News India - Supreme Court &amp; High Court Updates","article_publisher":"https:\/\/www.facebook.com\/LegalindiaCom\/","article_published_time":"2016-04-12T13:00:40+00:00","article_modified_time":"2016-04-12T21:42:27+00:00","og_image":[{"width":302,"height":201,"url":"https:\/\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/03\/2016_3img_201634141-ll.jpg","type":"image\/jpeg"}],"author":"Legal India News","twitter_misc":{"Written by":"Legal India News","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.legalindia.com\/news\/sc-disclosure-amount-outstanding-loans-rbi-resists#article","isPartOf":{"@id":"https:\/\/www.legalindia.com\/news\/sc-disclosure-amount-outstanding-loans-rbi-resists"},"author":{"name":"Legal India News","@id":"https:\/\/www.legalindia.com\/news\/#\/schema\/person\/2b856940493e891fdeab60e1199c3d26"},"headline":"SC for disclosure of amount of outstanding loans, RBI resists","datePublished":"2016-04-12T13:00:40+00:00","dateModified":"2016-04-12T21:42:27+00:00","mainEntityOfPage":{"@id":"https:\/\/www.legalindia.com\/news\/sc-disclosure-amount-outstanding-loans-rbi-resists"},"wordCount":364,"commentCount":0,"publisher":{"@id":"https:\/\/www.legalindia.com\/news\/#organization"},"image":{"@id":"https:\/\/www.legalindia.com\/news\/sc-disclosure-amount-outstanding-loans-rbi-resists#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/03\/2016_3img_201634141-ll.jpg?fit=302%2C201&ssl=1","keywords":["Court","featured","Law","Legal News","loans","RBI","Supreme Court"],"articleSection":["Top Law News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.legalindia.com\/news\/sc-disclosure-amount-outstanding-loans-rbi-resists#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.legalindia.com\/news\/sc-disclosure-amount-outstanding-loans-rbi-resists","url":"https:\/\/www.legalindia.com\/news\/sc-disclosure-amount-outstanding-loans-rbi-resists","name":"SC for disclosure of amount of outstanding loans, RBI resists - Legal News India - Supreme Court &amp; High Court Updates","isPartOf":{"@id":"https:\/\/www.legalindia.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.legalindia.com\/news\/sc-disclosure-amount-outstanding-loans-rbi-resists#primaryimage"},"image":{"@id":"https:\/\/www.legalindia.com\/news\/sc-disclosure-amount-outstanding-loans-rbi-resists#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/03\/2016_3img_201634141-ll.jpg?fit=302%2C201&ssl=1","datePublished":"2016-04-12T13:00:40+00:00","dateModified":"2016-04-12T21:42:27+00:00","description":"Default in repayment of loans running into \"lakhs of crores of rupees\" today prompted the Supreme Court to throw up the idea of making public the total - Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.","breadcrumb":{"@id":"https:\/\/www.legalindia.com\/news\/sc-disclosure-amount-outstanding-loans-rbi-resists#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.legalindia.com\/news\/sc-disclosure-amount-outstanding-loans-rbi-resists"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.legalindia.com\/news\/sc-disclosure-amount-outstanding-loans-rbi-resists#primaryimage","url":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/03\/2016_3img_201634141-ll.jpg?fit=302%2C201&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/03\/2016_3img_201634141-ll.jpg?fit=302%2C201&ssl=1","width":302,"height":201,"caption":"Supreme Court"},{"@type":"BreadcrumbList","@id":"https:\/\/www.legalindia.com\/news\/sc-disclosure-amount-outstanding-loans-rbi-resists#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.legalindia.com\/news\/"},{"@type":"ListItem","position":2,"name":"Top Law News","item":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},{"@type":"ListItem","position":3,"name":"SC for disclosure of amount of outstanding loans, RBI resists"}]},{"@type":"WebSite","@id":"https:\/\/www.legalindia.com\/news\/#website","url":"https:\/\/www.legalindia.com\/news\/","name":"Legal News India - Supreme Court & High Court Updates","description":"Get the latest legal news from the Supreme Court, High Courts, and government. Essential updates on judgements, acts, and in-depth analysis for lawyers, advocates, and law students in India.","publisher":{"@id":"https:\/\/www.legalindia.com\/news\/#organization"},"alternateName":"Legal News India for Advocates, Lawyers & Law Students","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.legalindia.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.legalindia.com\/news\/#organization","name":"Legal News India: Supreme Court, High Courts & Govt Updates","alternateName":"Legal News India for Advocates, Lawyers & Law Students","url":"https:\/\/www.legalindia.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.legalindia.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/05\/538552_367793346590451_81997783_n.jpg?fit=250%2C250&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2018\/05\/538552_367793346590451_81997783_n.jpg?fit=250%2C250&ssl=1","width":250,"height":250,"caption":"Legal News India: Supreme Court, High Courts & Govt Updates"},"image":{"@id":"https:\/\/www.legalindia.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/LegalindiaCom\/","https:\/\/x.com\/Legal_india"]},{"@type":"Person","@id":"https:\/\/www.legalindia.com\/news\/#\/schema\/person\/2b856940493e891fdeab60e1199c3d26","name":"Legal India News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c408fba78be47a892c53d34c8fba7cbe12a0e770170ebcd127d6bfbd0d521664?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c408fba78be47a892c53d34c8fba7cbe12a0e770170ebcd127d6bfbd0d521664?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c408fba78be47a892c53d34c8fba7cbe12a0e770170ebcd127d6bfbd0d521664?s=96&d=mm&r=g","caption":"Legal India News"},"sameAs":["https:\/\/www.legalindia.com\/news\/"],"url":"https:\/\/www.legalindia.com\/news\/author\/news"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/03\/2016_3img_201634141-ll.jpg?fit=302%2C201&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":42443,"url":"https:\/\/www.legalindia.com\/news\/sc-making-public-loan-default-amount-rbi-opposes","url_meta":{"origin":42455,"position":0},"title":"SC for making public the loan default amount, RBI opposes","author":"Legal India News","date":"April 12, 2016","format":false,"excerpt":"The Supreme Court today favoured making public the total amount of outstanding loans given by banks to various individuals and entities and running into lakhs of crores of rupees as per the information provided to it by RBI in a sealed cover. \"This information does make out a case. This\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"SC for making public the loan default amount, RBI opposes","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/03\/2016_3img_201634141-ll-300x200.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":59571,"url":"https:\/\/www.legalindia.com\/news\/rbi-moratorium-sc-agrees-to-hear-plea-seeking-interest-waiver-on-loans-during-lockdown","url_meta":{"origin":42455,"position":1},"title":"RBI moratorium: SC agrees to hear plea seeking interest waiver on loans during lockdown.","author":"Legal India Admin","date":"May 8, 2020","format":false,"excerpt":"Supreme Court on Friday agreed to hear a plea seeking interest waiver on outstanding loan payments for the period of the nationwide lockdown and to widen the Reserve Bank of India's (RBI) March 27 circular. Consequently, the apex court has issued a notice to the central government and to RBI\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/10\/RBI-Logo.jpeg?fit=300%2C226&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":41496,"url":"https:\/\/www.legalindia.com\/news\/sc-asks-rbi-to-give-list-of-defaulters-of-over-rs-500-cr-loan","url_meta":{"origin":42455,"position":2},"title":"SC asks RBI to give list of defaulters of over Rs 500 cr loan","author":"Legal India News","date":"February 16, 2016","format":false,"excerpt":"The Supreme Court today directed the RBI to provide a list of companies which are defaulters of bank loans of over Rs 500 crore while expressing serious concern over the rise in bad loans. The apex court also asked the Reserve Bank of India(RBI) to provide within six weeks the\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/07\/SUPREME_COURT_2426338f.jpg?fit=636%2C477&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/07\/SUPREME_COURT_2426338f.jpg?fit=636%2C477&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/07\/SUPREME_COURT_2426338f.jpg?fit=636%2C477&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":59797,"url":"https:\/\/www.legalindia.com\/news\/waiver-of-interest-charged-during-moratorium-sc-asks-centre-and-rbi-to-hold-meet-in-three-days","url_meta":{"origin":42455,"position":3},"title":"Waiver of interest charged during moratorium: SC asks Centre and RBI to hold meet in three days.","author":"Legal India Admin","date":"June 12, 2020","format":false,"excerpt":"The Supreme Court on Friday asked the Finance Ministry and the Reserve Bank of India to hold a meeting within three days to decide on waiver of interest on interest for deferred payments of instalments for loans during the moratorium period announced in wake of the coronavirus-induced lockdown. The court\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59750,"url":"https:\/\/www.legalindia.com\/news\/sc-seeks-finance-ministrys-reply-on-waiver-of-interest-on-loans-during-moratorium-period","url_meta":{"origin":42455,"position":4},"title":"SC seeks finance ministry&#8217;s reply on waiver of interest on loans during moratorium period.","author":"Legal India Admin","date":"June 4, 2020","format":false,"excerpt":"The Supreme Court Thursday sought finance ministry's reply on waiver of interest on loans during the moratorium period after the RBI said it would not be prudent to go for a forced waiver of interest risking financial viability of the banks. The top court said there are two aspects under\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15364,"url":"https:\/\/www.legalindia.com\/news\/court-stays-information-panels-order-to-rbi-on-rti-plea","url_meta":{"origin":42455,"position":5},"title":"Court stays information panel&#8217;s order to RBI on RTI plea","author":"Legal India Admin","date":"December 10, 2011","format":false,"excerpt":"The Delhi High Court Friday stayed an order of the Central Information Commission (CIC) directing the Reserve Bank of India to provide information regarding credit provided to industrialists by nationalized banks to a Right to Information (RTI) applicant. Justice Vipin Sanghi also issued notice to the RTI applicant, P.P. Kapoor,\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_shortlink":"https:\/\/wp.me\/p6H5Bf-b2L","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/42455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/users\/38299"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/comments?post=42455"}],"version-history":[{"count":0,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/42455\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media\/42174"}],"wp:attachment":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media?parent=42455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/categories?post=42455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/tags?post=42455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}