There have been increasing instance of the judicial review of the decision of the central bank. What are the challenges in judicial review the central bank’s actions? 10 marks

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https://indianexpress.com/article/opinion/columns/rbi-covid-19-loan-moratorium-supreme-court-7046727/
In the intro, mention the recent case of extension of the moratorium period by the RBI.
In the body, discuss the role of the Central bank in the country such as deciding monetary policy and regulation of banks and how these functions involve complex decision making. In the next part discuss the issues with the judicial intervention in the decision of the banks.
Conclude by mentioning the need for striking the fine balance between the role played by both the institution.

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