Search For "sarfaesi"
Technology Startup 'Resollect' Secures Funding to Transform India's Debt R
Updated : 1 year ago IST
New Delhi [India], June 5: NPAs have been impacting the growth and profitability of India's banking sector. With more than 80% of SARFAESI cases disputed by borrowers and recovery timelines running into several years, financial institutions have been stuck in an inefficient loop that technol
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CBI arrests Indian bank panel advocate in Kolhapur for accepting Rs 1.70 L
Updated : 1 year, 5 months ago IST
The central agency stated that the arrest was made on Tuesday. The advocate had initially sought a bribe of Rs 2.5 lakh, which was later negotiated down to Rs 1.80 lakh, in exchange for deferring the possession of a mortgaged property under the SARFAESI Act. The accused was caught red-handed
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Capital, finance market experts give suggestions during pre-budget meeting
Updated : 1 year, 10 months ago IST
As part of the preparations for the Union Budget, Finance Minister Nirmala Sitharaman chaired the second pre-budget Consultation with leading experts of the financial and capital markets sector here today.
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Cases under IBC closed through approval of resolution plans jump to 29 per
Updated : 2 years, 2 months ago IST
This uptick in resolutions is attributed to various structural improvements initiated by the Insolvency and Bankruptcy Board of India (IBBI), indicating positive momentum in the resolution landscape.
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E-notice provision, other amendments to SARFAESI, DRTA in pipeline to stre
Updated : 2 years, 2 months ago IST
The Finance ministry has constituted a committee to determine further amendments to the SARFAESI and DRT Acts, including providing legal cover to e-notice for expeditious debt recovery.
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Indian Bank selling mortgaged Industrial Park in Sohna
Updated : 3 years, 6 months ago IST
New Delhi [India], November 30 (ANI/Hecta): The Keystone Knowledge Park was inaugurated by the Chief Minister of Haryana Manohar Lal Khattar in 2017 to promote R&D in Pharma, FMCG and Agri. This property was mortgaged with Indian Bank by the developer and is now being sold under the SARF
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