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VEHICLE SEIZED FOR LOAN
Finance company sent recovery agents at midnight to seize vehicle, sells without giving notice; Supreme Court orders Cholamandalam Finance to pay Rs 15 lakhCholamandalam Investment and Finance Company has been ordered to pay a truck owner around Rs 15 lakh in total after seizing and selling his...- SC asks RBI to secure compliance of norms on seizure of financed vehicles by NBFCs, banksThe Supreme Court mandated the RBI to enforce lawful vehicle repossession rules. Financial institutions cannot seize vehicles without due l...
- Defaulted on your loan? Here's what banks can legally do and what they can'tMissing a single loan EMI doesn't lead to immediate bank intervention; instead, lenders often issue reminder calls and formal notices first...
- Can a bank seize your vehicle after EMI default? What borrowers need to knowFacing vehicle repossession in India? Understand your rights: lenders can't seize your vehicle after just one or two missed EMIs without du...
- No longer just jewellery: How young Indians are rewriting their relationship with goldIndia’s younger generations are increasingly treating inherited gold jewellery as a financial asset rather than a family heirloom. Millenni...
- Indrajeet Singh issues statement after ED searches, says agency didn’t recover even Rs 100The Enforcement Directorate conducted searches linked to Indrajeet Singh Yadav in a money laundering probe, claiming significant seizures o...
- Gensol Engineering shares hit 5% upper circuit for 3rd day. Here's whyGensol Engineering shares hit the 5% upper circuit for the third straight session after the resignation of its MD and Whole-time Director, ...
- IREDA shares in focus after filing insolvency plea against Gensol Engineering over Rs 510 crore defaultIREDA has initiated insolvency proceedings against Gensol Engineering due to a Rs 510 crore loan default, part of a larger Rs 977.75 crore ...
- Ireda files insolvency plea against Gensol over Rs 510 crore defaultIndian Renewable Energy Development Agency (Ireda) has initiated insolvency proceedings against Gensol Engineering due to a default of Rs 5...
- SC terms bank recovery agents 'group of goons' for not returning vehicle despite loan settlementThe Supreme Court has ordered West Bengal Police to file charges against a bank's recovery agent firm that wrongfully seized and damaged a ...
- Income Tax Department conducts searches in Kanchipuram, Chennai and VelloreThe Income Tax department said that numerous promissory notes, signed post-dated cheques and power of attorney documents kept as collateral...
- Buying a used car? You will soon have a lot more choicesAccording to OLX India, demand for used cars on its platform was 133% more in August than February this year. Growth in supplies in the per...
- Ola, Uber drivers threaten to go on strike from September 1The strike by drivers of cab aggregators may cause hardships to large number of commuters as Metro train services are yet to resume and bus...
- PMC Bank scam: ED traces Wadhawans’ 2,100 acres of land worth Rs 3,500 croreED officials are examining the documents to ascertain if these lands were purchased on individual name of Wadhawans or in the name of HDIL.
- ‘Lender can’t seize defaulter's vehicle without notice’The National Consumer Disputes Redressal Commission on Friday ordered a private finance company to pay Rs 80,000 to a borrower whose tracto...
- State Bank of India suspends car loans for Uber and OlaLender seizes 300 cars after payment defaults by drivers which reflect lower earnings by drivers amid a surge in cab numbers.
- Eight alternative ways of getting funds quicklyAre asset-backed loans better than personal loans in an emergency? ET tells you what your options are for raising money at short notice.
- Code of conduct for Gujarat election troubles trade and industriesThe Election Commission's directive to seize cash beyond Rs 2.50 lakh in transit is facing severe opposition from the business community in...
- Banks can’t use force to recover loans, rules SCThe Supreme Court on Friday said that banks cannot employ force to recover loans.
- Banks cannot use force to recover loans: SCHolding that banks cannot employ force to recover loans, the Supreme Court today refused to stay an order of the consumer forum directing A...
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