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Sarfaesi Act

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.
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.
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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

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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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