Sarfaesi Act

Aug 07, 2015 at 11:12 | Source: CNBC-TV18
The bank has identified 2500 properties to be auctioned under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI).
Mar 19, 2015 at 13:17 | Source: CNBC-TV18
State Bank of India has mandated Knight Frank to sell property to an industrial house. SBI values the property at about Rs 95 crore. A total of 17 banks have exposure of Rs 7000 crore to KFA. SBI has an exposure of Rs 2000 crore.
Mar 11, 2015 at 15:40 | Source: Moneycontrol.com
Murli Industries Ltd has informed BSE that the Bank of Baroda (lead bank of the Consortium) has taken symbolic possession of Plants of the Company i.e. Solvent Extraction, Paper and Cement Plants situated at different places as per the provision of section 13(4) of the SARFAESI Act, 2002.
Mar 01, 2015 at 13:20 | Source: Moneycontrol.com
Ind-Ra believes looking beyond banks to encourage credit delivery is the right move by the government. The new Mudra Bank for refinancing microfinance institutions and including large NBFCs under the Sarfaesi Act are structural changes that will improve the viability of these growing intermediaries.
Feb 03, 2015 at 15:48 | Source: CNBC-TV18
Sanju Verma, CEO, Violet Arc Global believes no governor can tackle both inflation and exchange rate at the same time and Raghuram Rajan is trying to do just that. "If governor doesnt want the rupee to appreciate any further then he will have to allow inflation to rise or vice-versa."
Jan 05, 2015 at 18:50 | Source: PTI
The proposed debarment from raising funds through equity or debt markets, including by way of IPOs or FPOs, would apply to all individuals or companies declared as 'wilful defaulter'by RBI.
Nov 10, 2014 at 21:48 | Source: CNBC-TV18
While bad asset recovery norms are brought on par with banks, NBFCs should also be allowed recovery tools such as being brought under the SARFAESI Act or have access to the debt recovery tribunal, a top executive with an NBFC said, while commenting on the RBI's latest move to tighten norms.
Aug 07, 2014 at 17:13 | Source: CNBC-TV18
The RBI has asked the ARCs to be 15 percent upfront, many ARCs did not want to make any money out of those assets but just wanted the consulting fees which was a percentage of the value of the security receipts.
Jul 18, 2014 at 19:46 | Source: CNBC-TV18
The lenders clearly have their eyes set on the two of the most priced real estate assets of the Kingfisher group. One, of course being the Kingfisher house in Bombay and the other one being the Kingfisher Villa in Goa.
Jun 10, 2014 at 13:35 | Source: CNBC-TV18
OBC has issued a notice to Moser Baer under the SARFAESI Act. It plans to put Moser Baer's assets on the block after 60-day waiting period if it fails to arrive at a suitable settlement with the borrower.
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Should NBFCs be brought under the SARFAESI Act?

2.26 PM Jun 15th 2014

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Oriental Bank of Commerce (OBC) has started the recovery process with respect to the Moser Baer dues of CMP: about Rs 430 crore and has also issued a notice to the company under the SARFAESI Act. Further, the bank plans P/E(ttm): to put Moser Baer’s assets on the block after 60-day waiting period

4.38 PM Jun 11th 2014

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Oriental Bank  

Oriental Bank of Commerce (OBC) has started the recovery process with respect to the Moser Baer dues of about Rs 430 crore and has also issued a notice to the company under the SARFAESI Act. Further, the bank plans to put Moser Baer’s assets on the block after 60-day waiting period if it fails

12.28 PM Jun 11th 2014

warmest

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Kingfisher Air  

What is the Sarfaesi Act? http://t.in.com/5HzC KFA (a borrower) has failed to repay it`s loans from banks and financial institutions and hence KFA`s properties have been annexed for auctioning. From all these can`t you understand that KFA is bankrupt

2.56 PM Apr 30th 2014

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Should NBFCs be brought under SARFAESI Act ambit?

2.15 PM Feb 23rd 2014

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Source:The Hindu BusinessLine - The Association of Incipient Sick Small, Medium Enterprises will be organising a one-day workshop on revival of small and medium enterprises in Andhra Pradesh on Thursday. The workshop will focus on Sarfaesi Act, problems in accessing bank credit, infrastructure

12.03 PM Feb 6th 2014

udani_j

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Kingfisher Air  

the provisions of SARFAESI Act, had claimed that SBI, which is a secured creditor and who has also filed a winding up petition before Karnataka high court , cannot maintain both."

9.19 PM Jan 30th 2014

Definate

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Kingfisher Air  

that the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act, 2002 override the provisions of the Companies Act. The Bench also made it clear that the Sarfaesi Act is not an alternate to the winding up petitions, and the banks could chose

10.27 PM Jan 29th 2014

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Unitech  

Unitech has agreed to repay Rs 78 crore by 28 December but LIC issued a notice to the company on 27 November despite the assurance from the company, CNBC Awaaz reported. The notice, which has been issued under Section 13 (2) Of SARFAESI Act , bars the builder from selling its Noida Sector 96 land

6.33 PM Jan 12th 2014

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-performing assets and SARFAESI Act, eligibility. The panel has also called for allowing banks to set up subsidiaries dedicated for financial inclusion, without prior approvals. At present, banks have to take central bank’s permission to set up subsidiaries but in recent times RBI has not allowed any banks to float

9.30 PM Jan 7th 2014

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Mar 01, 2015 at 11:12 | Source: FirstPost
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