Play schools move Supreme Court seeking loan moratorium

Many play schools, creches and day care centres have collectively moved the Supreme Court for help, saying the online mode of functioning does not work for them and they are in financial distress.The

Many play schools, creches and day care centres have collectively moved the Supreme Court for help, saying the online mode of functioning does not work for them and they are in financial distress. The Indian Council of Early Childhood Educators and Institutions, represented by advocate Rohit Pandey, has asked the court to intervene on its behalf with the government to provide financial succour through fresh loan moratorium and a temporary pause in the declaration of non-performing assets by banks. The petition said the pandemic and the ensuing lockdown have hit them hard. Their establishments have remained closed. Funds have dried up. There is hardly money to keep afloat. Their staff are on the verge of unemployment.