JUDGMENT :

RAJESH SHANKAR, J.

1. The judgment is being pronounced today through virtual mode.

2. The present writ petition has been preferred for the following reliefs:-

(i) For issuance of direction upon the respondents to give a reasonable time up-to 31.03.2021 until when ordinary commercial parameters become normal on its Cash Credit Loan Account No. 20814015000051.

(ii) For issuance of direction upon the respondents declaring that loan agreement between a lender and lendee is an ordinary commercial agreement of which parties thereto are free to negotiate and decide uninfluenced by the dictate of RBI guidelines which can only provide standards to bind the Banks and financial institutions.

(iii) For setting aside the portion of impugned circular dated 27.03.2020 (Annexure-7 to the writ petition) as extended by the statement/press release dated 22.05.2020 (Annexure-12 to the writ petition) respectively issued by the Chief General Manager of Respondent No. 2 to the extent of terms of circular that the interest shall continue to be accrued during the moratorium period.

(iv) For setting aside the notice dated 30.07.2020 (Annexure-15 to the writ petition) issued under Section 13(2) of the Se