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Sarfaesi Act

Sep 18, 2016 at 14:32 | Source: PTI
Domestic rating agency Icra has saidthe decision to extend provisions of the Sarfaesi Act to loansgiven by non-banking finance companies will help bring downdelinquencies and may result in cheaper funds for borrowers.
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).
Messages on Sarfaesi Act »

Bhajji

New Member

1 Followers

Dr Datson Labs  

of SARFAESI Act. As per Statement of Affairs under section 454 of the Companies Act 1956 filed by the ex-directors of the company (in liqn.) with the Official Liquidator, the outstanding amount payable to the secured creditors is shown Rs.261,76,25,396/- and amount payable to unsecured creditors is shown Rs

10.16 PM Dec 8th

BSE/NSE Announcer

Platinum Member

19496 Followers

Vimal Oils  

Vimal Oil & Foods Limited has informed the Exchange that that the Bank of India, being the lead banker of the lenders consortium, has served Symbolic Possession Notice under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002

12.21 PM Nov 16th

BSE/NSE Announcer

Platinum Member

19496 Followers

Vimal Oils  

Vimal Oil & Foods Ltd has informed BSE that the Bank of India, being the lead banker of the lenders consortium, has served Symbolic Possession Notice under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002 to the Company on November

12.20 PM Nov 16th

Wire News

Platinum Member

673 Followers

News Now  

Domestic rating agency Icra has said the decision to extend provisions of the Sarfaesi Act to loans given by non-banking finance companies will help bring down delinquencies and may result in cheaper funds for borrowers.

2.32 PM Sep 18th

ramc23

Platinum Member

694 Followers

Force Motors  

, NPA Recovery, Sarfaesi act implementation, Work till day-end, Training programs, Term work, Pass book printing, Issuing debit cards/ cheque books, DD challans, Remedial classes, Deputation to rural branches, Discipline, Account openings(only thru HEKYC) advertising bank schemes and PM

5.52 PM Sep 9th

SHALLUGAURA
V

Platinum Member

363 Followers

Servalakshmi  

Lagta hai, SARFAESI ACT kaam kar raha hai. log dandae kae bina kaam hee nahi kar saktae.

11.58 PM Aug 31st

raja11115

New Member

90 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

369282 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

448 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

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