Taking every other interpretation will frustrate the extremely reason for the moratorium. By guidelines of appropriation, regardless of the debtor will pay between March 1 that will 31 could have very first gone towards clearing their overdues. Ergo, a moratorium from the present dues should connect with the prevailing dues too.
There’s been a ruling of this Delhi tall court in Anantraj Limited vs Yes Bank purchase dated 6th April, 2020 as a result up to a writ petition, where in fact the court in addition has stated that you will see no change of a account that is standard an NPA, since before a merchant account becomes an NPA, it offers to feed SMA 1 and SMA 2, and also as per RBI’s own admission, you will see no downgradation for the status as a result of moratorium.