LOL welcome to the 21st century.

Government may have controlled business back in the 1950–1970s but, these days, government does not control business. At most, it regulates a few industries like banking.

In the specific case of moratorium on EMIs, RBI has permitted banks to allow a moratorium of up to three months in EMI payments. RBI has not advised / requested / mandated banks to provide any moratorium.

It’s really up to individual banks to decide whether they want to offer a moratorium at all, and, if so, for how many months and decide the modalities thereof such as interest mode, automatic deferrment for everyone or deferrment only based on opt-in by specific borrower, etc.

There’s no directive that banks must offer a moratorium.

More at Ketharaman Swaminathan’s answer to What is the use of the 3-month moratorium announced by RBI with regards to Covid-19, as taking that option looks like we have to pay thrice the EMI back later?.

Banks are free to do whatever they want within the regulatory framework, which, when I last checked, does allow them to chase defaulters as soon as they default.