Shweta Tambade
A petition has been filed before the Supreme Court seeking initiation of contempt of court proceedings and punish the concerned State Bank of India (SBI) officials, and others, for allegedly violating the Apex Court’s directions of September 3, 2020.
On 3 September 2020, the Supreme Court had passed the order regarding the loan moratorium case. It said that accounts that have not been declared Non-Performing Assets (NPAs) as of August 31, 2020, cannot be declared as such till further notice.
The petitioner, Greenlands (A&M) Corporation, asserted that SBI and others allegedly declared the account of the petitioner as NPA and thus defied the stay order of the Apex Court of September 3, 2020.
Hence, alleged that SBI and others committed contempt of court, and the SC should begin the contempt of court proceedings accordingly.
Vishal Tiwari, for the petitioner, and Advocate on Record (AOR) Abhigya Kushwah, claimed, that SBI had sent a legal notice for recovery of dues from the petitioner.
The petition stated that the petitioner also sought a direction from the Top Court that the officials should repay for the damage caused to the petitioner by their “contemptuous act.”
“The contemptuous act of the respondents has shaken the confidence of the public and has degraded the trust of the borrowers. In this pandemic, where all borrowers are passing through the worst scenario. That this stay order was operational throughout the nation and was in the Public Interest,” the petition observed.
The petitioner claimed that the stay order was functioning as a life-saving drug to the petitioner but, the SBI’s contemptuous act has brought a major setback, making the survival difficult.