The State Level Bankers Committees have companysiderable discretion in the matter of deferment of arrears and re structuring of loans with the result that re structuring has number taken place as per the guidelines in several States.
The prayer of the petitioner therefore is to have a more realistic deferment of arrears and re structuring of loans by all the companycerned banks, particularly in respect of farmers in drought affected areas.
The High Court heard the matter and gave directions, inter alia, for early companypletion of the road.
to abide by the guidelines issued by the Reserve Bank of India.
