Sarfaesi Act

The Supreme Court rules that tenants cannot claim Sarfaesi Act protection unless they can show tenancy began before the property was mortgaged

As a result, the amount involved and the amount recovered in absolute terms was also lower than the amount involved and recovered in 2022-23

Over 94 acres of land will be sold under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act 2002

Reliance Communications, then owned by Anil Ambani, had to shut down its business operations as a result of its high debt burden and a failed merger with Aircel

The resolution seeks to limit the auction of confiscated properties of borrowers in Nagaland to locals

The NARCL has been incorporated under the Companies Act, and public sector banks will hold 51 per cent in the bad bank

Banks feel happy shifting their toxic assets from loan books to investment books, while the ARCs are enjoying the management fees with a smile. Let's break the cosy relationship

Plan aimed at price discovery of assets; IBA working closely with FinMin, RBI

How two laws dealing with insolvent companies may work at cross-purpose at times

The RBI had recently rejected a resolution plan - approved by the National Company Law Tribunal in June - that proposed selling Aircel's assets to UV Asset Reconstruction Company (UVARC)

With the Insolvency and Bankruptcy Code, which was the instrument lenders had to make their borrowers fall in line, suspended for a year, many say this makes uncertain the future of a landmark law

This, despite the fact that changes in the Act which come into effect shortly give primacy to secured creditors

The meeting is also expected to take up discussion on non-performing asset recovery through both NCLT and non-NCLT means

Here is a guide to help you complete the bidding process smoothly while leaving enough in your pocket to refurbish the property after you get possession

May resort to debt recovery tribunals or Sarfaesi Act for the smaller ones

Wants Union govt to instruct banks and FIs to finalise debt restructuring package for industry in the State and not take harsh steps under IBC or SARFAESI Act

The amendments will strengthen the debt recovery tribunals by improving their infrastructure, including computerised processing of cases