{"id":227779,"date":"2020-04-01T15:35:32","date_gmt":"2020-04-01T10:05:32","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=227779"},"modified":"2020-04-10T11:52:37","modified_gmt":"2020-04-10T06:22:37","slug":"covid-19-del-hc-yes-bank-to-file-response-in-urgent-petition-seeking-restraint-from-declaration-of-petitioner-as-npa-amid-covid-19","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/01\/covid-19-del-hc-yes-bank-to-file-response-in-urgent-petition-seeking-restraint-from-declaration-of-petitioner-as-npa-amid-covid-19\/","title":{"rendered":"COVID 19 | Del HC | Yes Bank to file response in urgent petition seeking restraint from declaration of petitioner as NPA amid COVID-19"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Delhi High Court:\u00a0<\/strong>Sanjeev Sachdeva, J. addressed the urgent matter with regard to a direction being sought to <em>Yes\u00a0<\/em><em>Bank <\/em>regarding not taking any coercive steps against petitioner.<\/p>\n<p style=\"text-align: justify;\">Yes Bank Limited had through emails informed the petitioner that his account will be declared as\u00a0<em>non-performing asset,\u00a0<\/em>due to non-payment of installments for the months of January and February, 2020.<\/p>\n<p style=\"text-align: justify;\">Advocates for the petitioner, Saket Sikri and Nikhil Singhvi, contended that in view of the <a href=\"https:\/\/www.rbi.org.in\/Scripts\/NotificationUser.aspx?Id=11835&amp;Mode=0\">RBI Circular<\/a> dated 27-03-2020, respondent cannot declare the account of petitioner as a <em>non-performing asset<\/em> and any action in that regards needs to be deferred till 01-06-2020.<\/p>\n<p style=\"text-align: justify;\">Advocate for the respondent Ashwani Chawla submitted that,<\/p>\n<div class=\"page\" title=\"Page 2\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p style=\"text-align: justify;\">Moratorium is applicable only with regard to instalments which fell due after 01-03-2020 and are not applicable in respect of the instalments that had fallen due as on 01-03-2020<\/p>\n<p style=\"text-align: justify;\">Further the advocate has asked time to file response for the same.<\/p>\n<p style=\"text-align: justify;\">Thus Court while providing time for response has listed the matter for 03-04-2020. [Anant Raj Ltd. v. Yes Bank Ltd., <a href=\"http:\/\/www.scconline.com\/DocumentLink\/fmuwUEMb\"><b>2020 SCC OnLine Del 493<\/b><\/a> , decided on 01-04-2020]<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Delhi High Court:\u00a0Sanjeev Sachdeva, J. addressed the urgent matter with regard to a direction being sought to Yes\u00a0Bank regarding not taking any <\/p>\n","protected":false},"author":8808,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,10],"tags":[37718,22074,33149,34704,39881],"class_list":["post-227779","post","type-post","status-publish","format-standard","hentry","category-casebriefs","category-highcourts","tag-coercive-action","tag-moratorium","tag-non-performing-asset","tag-rbi-circular","tag-yes-bank-limited"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>COVID 19 | Del HC | Yes Bank to file response in urgent petition seeking restraint from declaration of petitioner as NPA amid COVID-19 | SCC Times<\/title>\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.scconline.com\/blog\/post\/2020\/04\/01\/covid-19-del-hc-yes-bank-to-file-response-in-urgent-petition-seeking-restraint-from-declaration-of-petitioner-as-npa-amid-covid-19\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"COVID 19 | Del HC | Yes Bank to file response in urgent petition seeking restraint from declaration of petitioner as NPA amid COVID-19\" \/>\n<meta property=\"og:description\" content=\"Delhi High Court:\u00a0Sanjeev Sachdeva, J. addressed the urgent matter with regard to a direction being sought to Yes\u00a0Bank regarding not taking any\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/01\/covid-19-del-hc-yes-bank-to-file-response-in-urgent-petition-seeking-restraint-from-declaration-of-petitioner-as-npa-amid-covid-19\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-01T10:05:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-10T06:22:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Delhi-HC.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1329\" \/>\n\t<meta property=\"og:image:height\" content=\"888\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bhumika Indulia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bhumika Indulia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/04\\\/01\\\/covid-19-del-hc-yes-bank-to-file-response-in-urgent-petition-seeking-restraint-from-declaration-of-petitioner-as-npa-amid-covid-19\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/04\\\/01\\\/covid-19-del-hc-yes-bank-to-file-response-in-urgent-petition-seeking-restraint-from-declaration-of-petitioner-as-npa-amid-covid-19\\\/\"},\"author\":{\"name\":\"Bhumika Indulia\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/919ec47cc1b871b362af05740398033a\"},\"headline\":\"COVID 19 | Del HC | Yes Bank to file response in urgent petition seeking restraint from declaration of petitioner as NPA amid COVID-19\",\"datePublished\":\"2020-04-01T10:05:32+00:00\",\"dateModified\":\"2020-04-10T06:22:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/04\\\/01\\\/covid-19-del-hc-yes-bank-to-file-response-in-urgent-petition-seeking-restraint-from-declaration-of-petitioner-as-npa-amid-covid-19\\\/\"},\"wordCount\":202,\"commentCount\":0,\"keywords\":[\"Coercive Action\",\"Moratorium\",\"non-performing asset\",\"RBI Circular\",\"Yes Bank Limited\"],\"articleSection\":[\"Case Briefs\",\"High Courts\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/04\\\/01\\\/covid-19-del-hc-yes-bank-to-file-response-in-urgent-petition-seeking-restraint-from-declaration-of-petitioner-as-npa-amid-covid-19\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/04\\\/01\\\/covid-19-del-hc-yes-bank-to-file-response-in-urgent-petition-seeking-restraint-from-declaration-of-petitioner-as-npa-amid-covid-19\\\/\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/04\\\/01\\\/covid-19-del-hc-yes-bank-to-file-response-in-urgent-petition-seeking-restraint-from-declaration-of-petitioner-as-npa-amid-covid-19\\\/\",\"name\":\"COVID 19 | Del HC | Yes Bank to file response in urgent petition seeking restraint from declaration of petitioner as NPA amid COVID-19 | SCC Times\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\"},\"datePublished\":\"2020-04-01T10:05:32+00:00\",\"dateModified\":\"2020-04-10T06:22:37+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/919ec47cc1b871b362af05740398033a\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/04\\\/01\\\/covid-19-del-hc-yes-bank-to-file-response-in-urgent-petition-seeking-restraint-from-declaration-of-petitioner-as-npa-amid-covid-19\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/04\\\/01\\\/covid-19-del-hc-yes-bank-to-file-response-in-urgent-petition-seeking-restraint-from-declaration-of-petitioner-as-npa-amid-covid-19\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/04\\\/01\\\/covid-19-del-hc-yes-bank-to-file-response-in-urgent-petition-seeking-restraint-from-declaration-of-petitioner-as-npa-amid-covid-19\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"COVID 19 | Del HC | Yes Bank to file response in urgent petition seeking restraint from declaration of petitioner as NPA amid COVID-19\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/919ec47cc1b871b362af05740398033a\",\"name\":\"Bhumika Indulia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g\",\"caption\":\"Bhumika Indulia\"},\"url\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/author\\\/editor_1\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"COVID 19 | Del HC | Yes Bank to file response in urgent petition seeking restraint from declaration of petitioner as NPA amid COVID-19 | SCC Times","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.scconline.com\/blog\/post\/2020\/04\/01\/covid-19-del-hc-yes-bank-to-file-response-in-urgent-petition-seeking-restraint-from-declaration-of-petitioner-as-npa-amid-covid-19\/","og_locale":"en_US","og_type":"article","og_title":"COVID 19 | Del HC | Yes Bank to file response in urgent petition seeking restraint from declaration of petitioner as NPA amid COVID-19","og_description":"Delhi High Court:\u00a0Sanjeev Sachdeva, J. addressed the urgent matter with regard to a direction being sought to Yes\u00a0Bank regarding not taking any","og_url":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/01\/covid-19-del-hc-yes-bank-to-file-response-in-urgent-petition-seeking-restraint-from-declaration-of-petitioner-as-npa-amid-covid-19\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2020-04-01T10:05:32+00:00","article_modified_time":"2020-04-10T06:22:37+00:00","og_image":[{"width":1329,"height":888,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/10\/Delhi-HC.jpg","type":"image\/jpeg"}],"author":"Bhumika Indulia","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Bhumika Indulia","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/01\/covid-19-del-hc-yes-bank-to-file-response-in-urgent-petition-seeking-restraint-from-declaration-of-petitioner-as-npa-amid-covid-19\/#article","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/01\/covid-19-del-hc-yes-bank-to-file-response-in-urgent-petition-seeking-restraint-from-declaration-of-petitioner-as-npa-amid-covid-19\/"},"author":{"name":"Bhumika Indulia","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a"},"headline":"COVID 19 | Del HC | Yes Bank to file response in urgent petition seeking restraint from declaration of petitioner as NPA amid COVID-19","datePublished":"2020-04-01T10:05:32+00:00","dateModified":"2020-04-10T06:22:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/01\/covid-19-del-hc-yes-bank-to-file-response-in-urgent-petition-seeking-restraint-from-declaration-of-petitioner-as-npa-amid-covid-19\/"},"wordCount":202,"commentCount":0,"keywords":["Coercive Action","Moratorium","non-performing asset","RBI Circular","Yes Bank Limited"],"articleSection":["Case Briefs","High Courts"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.scconline.com\/blog\/post\/2020\/04\/01\/covid-19-del-hc-yes-bank-to-file-response-in-urgent-petition-seeking-restraint-from-declaration-of-petitioner-as-npa-amid-covid-19\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/01\/covid-19-del-hc-yes-bank-to-file-response-in-urgent-petition-seeking-restraint-from-declaration-of-petitioner-as-npa-amid-covid-19\/","url":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/01\/covid-19-del-hc-yes-bank-to-file-response-in-urgent-petition-seeking-restraint-from-declaration-of-petitioner-as-npa-amid-covid-19\/","name":"COVID 19 | Del HC | Yes Bank to file response in urgent petition seeking restraint from declaration of petitioner as NPA amid COVID-19 | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"datePublished":"2020-04-01T10:05:32+00:00","dateModified":"2020-04-10T06:22:37+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/01\/covid-19-del-hc-yes-bank-to-file-response-in-urgent-petition-seeking-restraint-from-declaration-of-petitioner-as-npa-amid-covid-19\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2020\/04\/01\/covid-19-del-hc-yes-bank-to-file-response-in-urgent-petition-seeking-restraint-from-declaration-of-petitioner-as-npa-amid-covid-19\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/04\/01\/covid-19-del-hc-yes-bank-to-file-response-in-urgent-petition-seeking-restraint-from-declaration-of-petitioner-as-npa-amid-covid-19\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"COVID 19 | Del HC | Yes Bank to file response in urgent petition seeking restraint from declaration of petitioner as NPA amid COVID-19"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a","name":"Bhumika Indulia","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/84c1b51748d0297cf12e5a898eccb7bd3eb5f0ab4ae8e275e2e65c4c83f84740?s=96&d=mm&r=g","caption":"Bhumika Indulia"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_1\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/227779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=227779"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/227779\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=227779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=227779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=227779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}