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SARFAESI LAWS
Bank auctioned pledged land after borrower defaulted but buyer took 2 years to pay 75% money; borrower cleared the dues, fought and won the case in SC to get his land back- Banks take backseat: Bombay High Court upholds PMLA supremacy in asset recovery
- Home loan default case: Why acting within 45 days can stop a bank auction
- 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
- High Court ruling plugs personal insolvency loopholeThe ruling clarifies that the interim moratorium begins when the application is duly numbered by the tribunal, the Kerala High Court said. ...22 Nov, 2023, 12.54 AM 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
- RBI calls up UVARCL to explain flouted norms; RCom, Aircel resolution plans in the balanceThe banking regulator said in a notice that UVARCL had flouted norms laid down by the Sarfaesi Act and wilfully violated the RBI's guidelin...21 Nov, 2020, 03.01 PM 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
- Reforms in registration a step towards global standardsThe effective date specified in the notification is January 24, 2020.15 Jan, 2020, 10.29 AM IST
- Money laundering law prevails over Bankruptcy Act, insolvency code: Delhi High CourtThe court also said that by virtue of Section 71, the PMLA has the overriding effect over other existing laws in the matter of dealing with...14 Apr, 2019, 03.50 PM IST
- NCLT foils bid by company to stall loan recoveryThe company, which owes about Rs 41 crore to its creditors, had voluntarily filed for insolvency.28 Jun, 2017, 09.24 AM IST
- Borrowers hit by Sarfaesi may hide behind IBC lawsBanks are allowed to auction residential or commercial properties of borrowers to recover loans.28 Jun, 2017, 07.57 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
- Feedback sought on draft law to fix bankruptcy in banks, insurance companiesParliament has already passed a bankruptcy law to resolve failures of non-financial firms and also changes in debt recovery and the Sarfaes...29 Sep, 2016, 03.31 AM IST
- Sarfaesi provisions can help resolve NPAs of NBFCs faster: Icra"If credit costs were to come down, there could be some moderation in lending rates by NBFCs, which would benefit borrowers, going forward,...18 Sep, 2016, 03.06 PM IST
- RBI’s own guidelines may hamper Raghuram Rajan’s NPA driveChanging errant promoters may be tough, as norms mandate return of cos to them once dues are recovered.07 Feb, 2014, 06.19 PM IST
- Sarfaesi laws may lessen banks' bad loan burdenSecuritisation law changes to allow banks 'buy' property seized from defaulting borrowers.23 Dec, 2011, 03.25 AM IST
- Government approves changes in two banking laws for banks to recover dues and deal with non-performing loansThe bill will amend the SARFAESI Act and RDBF Act so as to strengthen the regulatory and institutional framework related to recovery of deb...14 Oct, 2011, 03.21 AM IST
- Govt clears changes in laws to deal with bad loansAccording to DFS Secretary D K Mittal, 4sections of the RDBF Act, 1993, and 6 sections of the SARFAESI Act, 2002, will be amended.13 Oct, 2011, 02.51 PM IST
- Securitisation of financial assetsWith local banks getting ready to adopt Basel-II norms for risk management, the next step should be to make securitisation of assets an eff...08 Aug, 2007, 04.04 AM IST
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