The Court found that no civil court can entertain a suit or proceeding if an aggrieved person has grievance against any measures taken under the SARFAESI Act.
Bangalore s Hansoge Enterprises has sold a 175-room hotel near Bangalore International Airport, covering 1.5 lakh sq ft, for around Rs 150 crore to an ultra-high net worth individual. The property, set to be completed by end-2024, was previously held by JC Flowers, an Asset Reconstruction Company (ARC), the Trustee, and the Bank.
The report reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability and the resilience of the Indian financial system.
Banks have written off Rs 10.57 lakh crore during the last five financial years, of which Rs 5.52 lakh crore was in respect of loans pertaining to large industries, the government informed the Parliament today.