Sarfaesi Act

NPA cases referred for resolution, amount involved drop in 2023-24

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

Go Air crisis: Central Bank set to auction Wadia's land for Rs 1,965 cr

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

RBI's revised ARC norms: Aircel, RCom debt resolution faces uncertainty

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

Resolution to streamline SARFAESI Act adopted in Nagaland Assembly

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

Reserve Bank of India grants licence to NARCL under Sarfaesi Act

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

How to reconstruct asset reconstruction companies

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

Bad bank may follow Swiss challenge method for price discovery of assets

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

IBC and SARFAESI Act confusion again as RBI takes up Aircel case

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

RBI's order could spell trouble for ARC-owning PE funds, say experts

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)

Firms red-flag pitfalls of IBC suspension; law's future unsure, say experts

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

Explained: Why lenders prefer IBC over SARFAESI Act for recovery of dues

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

Budget 2020: FM to meet heads of PSBs to discuss credit situation, economy

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

Buy property at discount in auctions, ensure title is unencumbered

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

Lenders likely to opt for IBC for debt resolution of big accounts

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

Tamil Nadu CM urges Centre to step in and distressed sugar industry

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

Sarfaesi Act amendments unlikely in Budget session

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