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Sarfaesi

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 15, 2014 at 14:26 | Source: PTI
Industry body CII has suggested a five-point agenda to breathe life into the country's NBFCs, which are grappling with a steep rise in NPAs, slow loan growth and elevated funding costs amidst a stringent regulatory environment.
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.
Apr 03, 2014 at 21:27 | Source: Moneycontrol.com
By: Krishnayan Sen, VERUS
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.
Messages on Sarfaesi »

hroshan75

Silver Member

4 Followers

Kingfisher Air  

before They Could do restructuring but nothing worked out. As of now around 1300 Crs has already been recovered in all Those months when SBI was Crying loud Via winding up petitions Via SARFAESI. Now, with more 2000 Crs expected To Get recovered what next in Store ? TDS and other issues

4.27 PM Jul 5th

MMB Messenger

Platinum Member

258542 Followers

Other Market Topics  

Should NBFCs be brought under the SARFAESI Act?

2.26 PM Jun 15th

stockguru6

New Member

8 Followers

Just Posted  

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

Platinum Member

809 Followers

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

dev9939

Silver Member

99 Followers

Other Market Topics  

in Q1, see stable FY15 margin: Mindtree *OBC issues SARFAESI notice to Moser Baer over Rs 430cr dues *LIC hopes to retain market share of 82% this fiscal *LIC sees slide in new premium collection *Future lifestyle aquires 12% stake in Unico Retail *PE investments in India to reach $40 bn in 2025

7.35 PM Jun 10th

dev9939

Silver Member

99 Followers

Other Market Topics  

in Q1, see stable FY15 margin: Mindtree *OBC issues SARFAESI notice to Moser Baer over Rs 430cr dues *LIC hopes to retain market share of 82% this fiscal *LIC sees slide in new premium collection *Future lifestyle aquires 12% stake in Unico Retail *PE investments in India to reach $40 bn in 2025

7.34 PM Jun 10th

san_sanghav
i

Platinum Member

187 Followers

Moser Baer  

OBC issues SARFAESI notice to Moser Baer over Rs 430cr dues

6.39 PM Jun 10th

deshat

Platinum Member

144 Followers

Kingfisher Air  

They Could do restructuring but nothing worked out. As of now around 1300 Crs has already been recovered in all Those months when SBI was Crying loud Via winding up petitions Via SARFAESI. Now, with more 2000 Crs expected To Get recovered what next in Store ? TDS and other issues are not That much important

8.42 PM Jun 7th

deshat

Platinum Member

144 Followers

Kingfisher Air  

everyone Gives up. This is indeed an airline and I should say a Grounded one. Too many decisions/precautions/safety measures are being involved in making These airline fly aGain. Look at SBI Consortium. They have tried everything from Share Sale to HC/SC petitions from SARFAESI to Kfa House Possession

4.16 PM May 15th

warmest

Platinum Member

186 Followers

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

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