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Sarfaesi Act

Aug 09, 2016 at 20:10 | Source: PTI
The Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016, will not, however, apply to loans for agricultural land as well as student loans.
Jul 31, 2016 at 15:39 | Source: PTI
Introduced in the Lok Sabha in May, the bill seeks to amend four legislations -- Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act, 2002, the Recovery of Debts due to Banks and Financial Institutions Act, 1993, the Indian Stamp Act, 1899 and the Depositories Act, 1996.
May 13, 2016 at 20:08 | Source: PTI
Lenders to the grounded Kingfisher Airlines on May 13 started the process to take physical possession of Kingfisher Villa, which was pledged by beleagueredbusinessman Vijay Mallya to the bankers as collateral for over Rs 7,800-crore loan
May 09, 2016 at 19:49 | Source: CNBC-TV18
Is the Insolvency and Bankruptcy Bill the nirvana which banks in India have been waiting for? Not in the next two years is the short answer, and may be not even be in the long-term unless there is an unprecedented zeal to implement it, says CNBC-TV18's Latha Venkatesh.
Apr 26, 2016 at 14:01 | Source: CNBC-TV18
Government amendments in these two acts will improve the recovery climate in the country, says HR Khan, Deputy Governor of The Reserve Bank of India.
Mar 16, 2016 at 16:46 | Source: CNBC-TV18
The Kingfisher House in Mumbai that was seized by the consortium of lenders, headed by State Bank of India last year, will be auctioned on March 17. It will through an e-auction.
Mar 06, 2016 at 10:06 | Source: PTI
An expert panel will be set up shortly to devise a strategy for consolidation of public sector banks as India needs stronger lenders rather than a "numerically large number" of them, Finance Minister Arun Jaitley said.
Feb 13, 2016 at 12:50 | Source: PTI
The e-auction will be done under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002.
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.
Messages on Sarfaesi Act »

raja11115

New Member

59 Followers

Dr Datson Labs  

mortgaged. Since the Company defaulted in making payments of its dues, a notice under Section 13(2) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short, the “SARFAESI Act”), was issued to the Respondent Company on 13th November, 2013

6.23 PM Aug 29th

Web Messenger

Platinum Member

362847 Followers

SREI Infra  

Source:Business Standard - Srei Infrastructure today said it is seeking modifications in the Usha Thorat committee report draft guidelines on non-banking finance companies ( NBFC) and asked for extension of the benefits of SARFAESI Act to the sector for a level playing field vis-a-vis banks. We ask

3.13 PM Jan 25th 2013

gajabhau

Platinum Member

437 Followers

Concurrent  

Director of the Company, was authorised, on behalf of the Board, to take appropriate steps in view of the notice u/s 13(2) of SARFAESI Act, 2002 received by the Company from the Bankers of the Company -State Bank of India, Commercial Branch, Pune. 2. The resignation of Mrs. Vaishaii Patrikar, Secretary

8.29 PM Jan 23rd 2013

vktamu

Gold Member

4 Followers

Kingfisher Air  

Ordinary people are under SARFAESI Act but KFA is exempted from the said Act and getting bailout and restructuring loan benefits why?

10.00 AM Nov 29th 2012

atul30

Platinum Member

104 Followers

DeccanChronicle  

of the CDR cell. The bigger banks believe that it might be a better idea to simply sell off the assets and paper rather than recast the loan. As such, the consortium of lenders will now focus on using the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI

1.19 PM Nov 23rd 2012

ifci_follow
er

Gold Member

9 Followers

Kingfisher Air  

i believe BIFR is not possible as SARFAESI act wont allow it. but do not worry about all this mallya is king now on good times. see what happened to USL from 600 six months ago to 1900 now. selling rate of 1440 but the stock is not stopping. What the company result was recently but see how

5.51 PM Nov 17th 2012

kranti_21ce
ntury

Platinum Member

27 Followers

Moser Baer  

(SARFAESI) Act of 2001-02 placed corporate debt outside the purview of the BIFR.[4] By preventing reference to the BIFR, which had become a haven for the promoters of sick companies, the act gives banks and financial institutions a better tool for recovering bad debt. It was complemented by the corporate

9.11 PM Nov 15th 2012

bullbirsing
h

Platinum Member

88 Followers

Larsen  

has many ills, no doubt about it, if the author thinks the cooked up portion would together account for just 9% of assets as worthless, then to me , our banking system is finest in order. Specially after the SARFAESI act, banks have more tooth and they are showing brilliant performance despite

10.53 PM Oct 29th 2012

cx

Platinum Member

99 Followers

Larsen  

with the problem of sickness laying down its basic objectives and parameters, remedies necessary for revival of sick Units. The Securitization and Reconstruction of Financial Assests and Enforcement of Security Interest (SARFAESI) Act of 2001-02 placed corporate debt outside the purview of the BIFR! and finally

5.03 PM Aug 23rd 2012

MMB Messenger

Platinum Member

369367 Followers

Hiran Orgochem  

Hiran Orgochem Ltd has informed BSE that loans availed by the Company from the consortium Banks (SBI & SBP) have become Non Performing Asset and that the consortium Banks have served on the Company a notice under Sec.13 (2) of SARFAESI Act. Therefore, to keep the plant and machineries in good

8.00 PM Jul 30th 2012

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