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22-05-2020
Extension of Moratorium further in Covid 19.

Although the government has allowed business to reopen but it will take a long time to recover from huge backlogs and the business will also keep slow pace as there is scarcity of working capital and labour,material,movements etc are still not in flow.

Even the buying habits and capacity have also changed as people are only buying the essentials only and not spending extravangently.

Hence the further three month moratorium has to be in place to save businesses from being announced as default accounts or NPA.