EFFECT OF LOAN MORATORIUM ON LOAN FORECLOSURES.

Manoj Raturi (student-CA FINALS) (190 Points)

21 May 2022  
WE APPLIED MORATORIUM FOR 5 MONTHS DURING COVID TIMES ON 3.4 CRORE LAP(15 YEAR TENURE) NO CHANGE IN EMI BUT PRINCIPAL AMOUNT INCRESED BY 14 LAKH APROX. NOW WE APPLIED FOR FORECLOSURES OF LOAN. SHOULD BANK CHARGE 14 LAKH COMPLETE .? OR IS THERE ANY GUIDELINES TO DEAL SUCH .??