The government is considering amending the SARFAESI Act, 2002, to allow banks to hold security interest in shipping vessels, removing speci...

The Finance Ministry has set up a panel to propose amendments to the SARFAESI and DRT Acts, aiming to expedite debt recovery. E-notices wer...

Banks implement measures to enhance DRT efficacy. Reviews of advocates' performance, officer presence at hearings, and changes in regulatio...

"Since a specific right is vested in a secured creditor to enforce a security interest, by issuance of a sale notice under Section 13 of th...

Advocate Vishal Tiwari, appearing in a batch of petitions said that despite the top court's order of September 3, 2020 that the accounts wh...

Sitharaman, while presenting the budget for 2021-22, said it will bring in credit discipline and also protect the interest of small borrowe...

The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act, 2002, allow banks and financ...

Many NBFCs were unable to dispose of immovable property of defaulter borrowers fast enough even after filing the case under Sarfaesi and re...

The company, which owes about Rs 41 crore to its creditors, had voluntarily filed for insolvency.

"If credit costs were to come down, there could be some moderation in lending rates by NBFCs, which would benefit borrowers, going forward,...

Earlier, Kolkata-based tobacco to hotel conglomerate emerged as the highest bidder of the property in February last year with an offer of R...

SBI raised a critical question concerning the future of banking in J&K before the SC whether residents of the state could decline to repay ...

Currently, NBFCs can only approach the civil courts to recover loans from the borrowers, which usually use to take longer time.

The Cabinet has cleared setting up DRTs in Chandigarh, Bengaluru, Ernakulam, Dehradun, Siliguri and Hyderabad, an official statement said.

What can be done to remedy the situation? ARCs must capitalise themselves adequately and raise resources to acquire assets from banks for f...

The bill will amend the SARFAESI Act and RDBF Act so as to strengthen the regulatory and institutional framework related to recovery of deb...

According to DFS Secretary D K Mittal, 4sections of the RDBF Act, 1993, and 6 sections of the SARFAESI Act, 2002, will be amended.