Election 2014

Sarfaesi Act

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.
May 04, 2013 at 14:18 | Source: Moneycontrol.com
In a rare act of aggression, lenders to Kingfisher Airlines have invoked the personal guarantee offered by promoter Vijay Mallya.
Mar 12, 2013 at 00:32 | Source: PTI
Can CJM exercise power under SARFAESI Act ?
Jan 08, 2013 at 17:32 | Source: Moneycontrol.com
Emkay Global Financial Services has come out with its report on Banking & Financial Services sector update. According to the research firm, the deputy governor clarified that cancellation of registration of NBFCs with less than requisite asset size will not be put NBFCs out of business.
Dec 11, 2012 at 14:20 | Source: CNBC-TV18
SL Bansal, CMD of Oriental Bank of Commerce is of the opinion that the new amendments will strengthen the financial institutions and give them more power to deal with NPAs, he added.
Dec 09, 2011 at 16:55 | Source: Moneycontrol.com
Fitch Ratings has come out with its special research report on 'risks in lease rental discounting (LRD) loans'. As per the rating agency the failure to appreciate the inherent risks of LRD loans may leave market participants exposed to stress in commercial rental market in an economic downturn.
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Blue Coast  

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.

about 26 min 39 sec ago

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Should NBFCs be brought under SARFAESI Act ambit?

2.15 PM Feb 23rd

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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


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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


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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


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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


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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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that the company had stated in its appeal that the Sarfaesi action under Section 13 (4) of the Sarfaesi Act has been taken only to the tune of 9.78% of its securities. "However, a large number of secured creditors, including Indiabulls, Canara Bank , Kotak Mahindra, JM Financial, IDFC, SBI among others, have

5.35 PM Dec 26th 2013


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Rejecting KAL’s contention, Justice Byrareddy said that Section 34 and 35 of the SARFAESI Act bar the Company Court from exercising its power when the banks invoke provisions under this Act for taking possession of the pledged assets. Pointing out that the SARFAESI Act was enacted, after a series

9.02 PM Dec 14th 2013


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the Chief Metropolitan Magistrate, Esplanade, Mumbai, to take possession of the property. The application was filed invoking Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002, to realise part of the debts due to the banks from

9.00 PM Dec 14th 2013

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Feb 23, 2014 at 15:52 | Source: Assocham
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