Yes Bank

Delhi HC Restores ‘status quo Ante” with respect to loan classified As NPA by Yes Bank amid COVID-19

Delhi HC Restores ‘status quo Ante” with respect to loan classified As NPA by Yes Bank amid COVID-19

The Delhi High court held that prima facie Yes Bank should not have classified a loan account as Non-performing Asset (NPA) when a delay in payment of instalment caused due to the condition brought by the worldwide Pandemic COVID-19. “Prima Facie, I am of the view that the classification of the account of the petitioner…