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Plea in Supreme Court seeks fresh stimulus for MSMEs The plea has been filed by Maharashtra-based Amaltas Apparel and Accessories Pvt Ltd through advocate Abhigya but is yet to be placed before the apex court
A company on Thursday moved the Supreme Court, seeking fresh stimulus for the micro, small and medium enterprises (MSMEs) and a plea to direct the RBI to issue guidelines to provide interim relief because of the sudden outbreak of a second wave of Covid-19 and the subsequent lockdown.
The plea has been filed by Maharashtra-based Amaltas Apparel and Accessories Pvt Ltd through advocate Abhigya but is yet to be placed before the apex court or to be admitted by it.
Supreme Court of India
Plea in SC seeks direction to RBI for incentive packages, interim relief for small scale business commercial borrowers ANI | Updated: Apr 15, 2021 11:04 IST
New Delhi [India], April 15 (ANI): A writ petition has been filed before the Supreme Court seeking a direction to the RBI to issue instructions and guidelines to initiate incentive packages and interim relief for the commercial borrowers attached into small scale business in the wake of the second wave of COVID-19.
The petitioner, Amaltas Apparel and Accessories Pvt Ltd, a small MSME registered company, had moved the Apex Court through the lawyer, Vishal Tiwari.