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Securitisation And Reconstruction Of Financial Assets

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Police move to close Rs 25K-cr MSC Bank scam case involving Ajit Pawar

The Economic Offences Wing of the Mumbai police on Friday sought to close a case related to an alleged Rs 25,000 crore scam at the Maharashtra State Cooperative Bank in which Maharashtra deputy......

Trade bodies impose 12-hr bandh in Nagaland over 'illegal taxation'

Shops were closed and goods transport vehicles remained off the roads in a 12-hour shutdown called by trade bodies across Nagaland on Thursday over alleged illegal taxation by Naga political groups......

Bank OTS scheme not a borrower's right without upfront payment: SC

The Supreme Court has ruled that a bank’s one-time settlement (OTS) scheme cannot be invoked as a matter of right and that borrowers must strictly comply with its mandatory conditions, including......

NBFCs may come under Securitisation Bill ambit

The finance ministry is considering extending the scope of the Securitisation and Reconstruction of Financial Assets Bill, 2002 to registered non-banking finance companies.Finance Minister Jaswant......

Securitisation Act may be amended

The government may amend the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2003, to ensure that banks can issue notices to loan defaulters whose......

Securitisation Act: Sorabjee wants fair play

Defending the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, before the Supreme Court on Monday, Attorney-General Soli Sorabjee proposed to......

Deccan Chronicle's Holdings: Lenders seize assets

Lenders to debt-laden media firm Deccan Chronicle Holdings Limited have started the process of recovering their loans, starting with intangible assets.“We have initiated the recovery process......

Pune's MCA stadium 'taken over' by banks over non-payment of loan

MCA blamed its financial troubles on non-receipt of payments from the Board of Control for Cricket in India for the last 10 months. IMAGE: The Maharashtra Cricket Association's international......

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