No classification as NPA for failure to pay Loan installment due to COVID-19

Anant Raj Ltd. Vs Yes Bank Ltd. (Delhi High Court)

As per the petitioner, during the period 2010 – 2015, petitioner had availed bank loan facility from the respondent bank to a tune of Rs. 815 crores which has been paid in full. Thereafter between 2016 –2018, respondent bank extended further loan facilities to the petitioner vide several sanction letters. As per the petitioner, it had availed loan facilities to the tune of 1570 crores out of which, petitioner has repaid about Rs. 1056 crores apart from interest running into hundreds of crores.

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