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Sarfaesi Act

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.
Apr 19, 2014 at 12:18 | Source: Moneycontrol.com
Blue Coast Hotels has informed that the Debt Recovery Tribunal - III at Mumbai has quashed and set aside the demand notice dated March 26, 2013 and measures taken u/s 13(4) of the SARFAESI Act, 2002 by IFCl against Blue Coast Hotels Ltd.
Feb 23, 2014 at 14:15 | Source: PTI
Non-banking finance companies should be brought under the ambit of the SARFAESI Act to enhance investor confidence and ensure robust growth of the financial services sector, a study has said.
Feb 11, 2014 at 14:00 | Source: Moneycontrol.com
By: Krishnayan Sen, VERUS Advocates
Jan 23, 2014 at 20:38 | Source: PTI
Such companies are required to obtain, for the purpose of enforcement of security interest, the consent of secured creditors holding not less than 60 percent of the amount outstanding to a borrower as against 75 percent at present.
Dec 23, 2013 at 11:37 | Source: PTI
The survey said 29 per cent of the respondents estimated the actual potential of corporate bond market to be 10-12.5 percent of GDP while 14 percent of them believe the level to be at 7.5 -10 percent.
Sep 24, 2013 at 20:46 | Source: PTI
The government envisages Rs 56.3 lakh crore (about USD 1 trillion) investment in the infrastructure sector during the 12th Five Year Plan period.
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MMB Messenger

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Should NBFCs be brought under the SARFAESI Act?

2.26 PM Jun 15th

stockguru6

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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

Neha-Diwan

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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

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

MMB Messenger

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Should NBFCs be brought under SARFAESI Act ambit?

2.15 PM Feb 23rd

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Entrepreneurship  

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

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

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

biharibull

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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

StockChamp0
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SKS Microfin  

-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

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Nov 27, 2014 at 00:52 | Source: Calcutta Telegraph News
Sep 08, 2014 at 08:57 | Source: Calcutta Telegraph News