Home loan default case: Why acting within 45 days can stop a bank auctionBanks can auction homes for home loan defaults. Borrowers facing this can approach the Debt Recovery Tribunal within 45 days of the bank's ...
17 Mar, 2026, 02.51 PM IST
Missed home loan EMIs? Law gives you 105 days before bank can start auction of your houseHomeowners get a 105-day window before banks can auction their property for missed EMIs. This period follows the SARFAESI Act and RBI rules...
12 Mar, 2026, 02.09 PM IST
SC sets aside Madras HC order, restores auction purchaser’s rights in loan recovery caseThe Supreme Court wants the Finance Ministry to check the SARFAESI Act. The court feels some rules are unclear. These unclear rules are cau...
22 Sep, 2025, 08.26 PM IST
Banks may get power to auction ships in case of loan defaultsThe government is considering amending the SARFAESI Act, 2002, to allow banks to hold security interest in shipping vessels, removing speci...
16 Sep, 2024, 12.38 AM IST
Delhi HC sets aside arbitrator order against Indiabulls in Shipra Mall dispute"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...
22 Feb, 2023, 12.31 AM IST
Writ petition not maintainable against proceedings by banks, ARCs under SARFAESI Act: SCCourt opined that filing of writ petitions by the borrowers before the high court under Article 226 of the Constitution in the case was an ...
12 Jan, 2022, 08.08 PM IST
Delhi HC asks Govt, Finance Ministry and RBI to consider parity between IBC and Sarfaesi ActAccording to the Sarfaesi Act, asset reconstruction companies that take over stressed assets from lenders cannot infuse equity into an inso...
19 Mar, 2021, 12.03 PM IST
Provision of SARFAESI Act empowering DMs to attach secured assets of borrowers directory: SCSection 14 of the SARFAESI Act mandates District Magistrate to deliver possession of a secured asset within 30 days, extendable to an aggre...
05 Nov, 2020, 09.38 PM IST
Co-Op banks come under Sarfaesi Act: Supreme CourtThe Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act, 2002, allow banks and financ...
06 May, 2020, 09.04 AM IST
Not many NBFCs may use Sarfaesi Act to recover loanMany NBFCs were unable to dispose of immovable property of defaulter borrowers fast enough even after filing the case under Sarfaesi and re...
07 Feb, 2020, 08.51 PM IST
Change in Sarfaesi Act to give priority to secured creditorsSarfaesi Act was framed to identify and rectify the problem of non-performing assets.
30 Dec, 2019, 10.30 AM IST
NCLT rejects insolvency proceedings by Leo Duct Engineers & ConsultantsThe move will help lenders Standard Chartered Bank and Canara Bank to recover their dues under the SARFAESI Act which provides for lenders ...
27 Jun, 2017, 11.26 PM IST
Can Jammu and Kashmir residents not repay loans: SBISBI raised a critical question concerning the future of banking in J&K before the SC whether residents of the state could decline to repay ...
03 Nov, 2015, 11.55 AM IST
Bring NBFCs under SARFAESI Act: StudyNon-banking finance companies should be brought under the ambit of the SARFAESI Act to enhance investor confidence and ensure robust growth.
23 Feb, 2014, 12.01 PM IST
RBI asks NBFCs to register mortgages with Central RegistryThe central bank has asked them to register all mortgages created in their favour on or after 31st March 2011 to check the fraud related to...
12 Nov, 2013, 10.04 PM IST
- Finance ministry pushes banks to fast-track bad loan recovery
FinMin is pushing PSU banks to hasten recovery of bad loans to improve health, and has promised to fill vacancies at DRT.
12 Dec, 2011, 01.35 AM IST
- Amendments to SARFAESI Act to clear recovery processes: BA Prabhakar, Bank of India
In an interview with ET Now, BA Prabhakar, ED, Bank of India, gives his views on the amendments made in the SARFAESI Act.
14 Oct, 2011, 02.53 PM IST