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    • HDFC Ltd sells Mumbai land to Lodha for Rs 70 crore to recover dues from borrower

      HDFC has sold a portion of land admeasuring 27792 sqmt to Macrotech Developer to recover the loan under SARFAESI Act, the documents showed.

    • SC order puts interests of homebuyers above that of banks in the event of a real estate firm defaulting on a loan

      Legal experts say the order would shield homebuyers from fraudulent practices of real estate developers who often fail to repay debt, leading to lenders taking over incomplete projects and auctioning them to recover their dues

    • International insolvency in India has a long way to go

      IBC may have had an enabling provision with respect to cross border bankruptcy, but more work needs to be done

    • Banks threaten to sell ex-CM Manohar Joshi's education trust for default

      The Kohinoor Education Trust owes nearly Rs 16 crore to Bank of Maharashtra, Rs 38.63 crore to State Bank of India and Rs 13.18 crore to Bank of India.

    • Defaulters can't be given endless opportunities, warns Jaitley

      Making a strong case for expeditious adjudication of debt recovery cases, Finance Minister Arun Jaitley today said the doctrine of natural justice of giving opportunity to defaulters to defend themselves need not be carried to an "unnatural extent".

    • Sarfaesi provisions can help resolve NPAs of NBFCs faster:Icra

      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.

    • Lok Sabha passes SARFAESI, DRT Amendment Bill

      Finance Minister Arun Jaitley ruled out any waiver in the event of education loan defaults, saying "some compassion" has to be shown if someone is unemployed and till he gets a job, but the loan cannot be written off.

    • Bankruptcy Law - will it stem the rot?

      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.

    • Will Bankruptcy Code succeed where DRT, SARFAESI have failed?

      On paper, the Bankruptcy Code is an earth-shattering law. Let's hope it will be implemented that way.

    • FinMin to meet bank officials on March 21 on loan recovery

      The finance ministry has convened a meeting of senior bankers of public lenders dealing with large loan defaults next week as part of an exercise to clean up balance sheet of banks.

    • Canara Bank seeks to recover Rs 500cr via e-auctions

      The bank has identified 2500 properties to be auctioned under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI).

    • NBFC norms: Exec calls for more debt recovery tools

      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.

    • HDFC Q2: Good earnings visibility despite weak realty

      HDFC reported what was considered mostly an inline set of numbers in a challenging quarter for financial companies.

    • Sebi may announce angel-fund norms on June 25: Sources

      In an exclusive to CNBC-TV18, sources say the Sebi board may announce rules for angel funds on June 25.

    • KFA Lenders Invoke Mallya's Personal Guarantee

      In a rare act of aggression, lenders to Kingfisher Airlines have invoked the personal guarantee offered by promoter Vijay Mallya.

    • SARFAESI act to empower financial institutions: Experts

      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.

    • LS approves changes in Debt Recovery Bill amid walkout

      The Lok Sabha today approved an amendment bill to make easier recovery of bad loans by banks amid walkout by the BJP, Left and some other parties after the government rejected their demand for referring it to the Standing Committee.

    • Govt clears changes in laws to deal with bad loans

      The government today approved amendments to the SARFAESI and debt recovery acts to enable banks to effectively deal with the menace of bad loans and also encourage them to disburse credit freely to home and corporate loan seekers.

    • RBI Suggests Tighter Regulation of NBFCs

      By: Jay Parikh, Bharucha & Partners

    • CDR: Needs Reinventing?

      It is touted as India's most successful Debt Restructuring mechanism, but recent events beg the question – Does the CDR mechanism need reinventing?

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