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PSBs told to speed up recovery at tribunals

As per latest data from the finance ministry, around 215,000 cases are pending before DRTs till January 2024, of which 162,000 are original applications (OAs) filed under Section 19 of Recovery of Debts and Bankruptcy Act (RDB Act), 1993. RBI data showed in FY23, around 58,000 cases with amounts totalling about ₹4.02 lakh crore were referred to DRTs. ....

New Delhi , Bhagwat Karad , Presiding Officers , Bankruptcy Act , Debt Recovery Tribunals , Legal Representatives ,

SARFAESI | Supreme Court Allows Borrower's Tenants, Who Bid For Property, To Remain In Possession After Auction Sale Was Set Aside

The Supreme Court observed that after setting aside of the auction sale of the property the banks cannot automatically claim physical possession over the property held in the possession of the tenant. ....

Piyush Kumarendra , Satish Chandra Sharma , Vibhav Mishra , Vijayk Jain , Upasena Shukla , Justice Vikram Nath , Aeishwarya Sharma , Dhruv Shukla , Gaurav Chauhan , Vikram Nath , High Court , Supreme Court , Justices Vikram Nath , Debts Recovery Tribunal , Debt Recovery Tribunal , Debt Recovery Appellate Tribunal , Security Interest , For Petitioner , Megha Gaur ,

SARFAESI | Bank Can Forfeit Entire 25% Deposit & Not Just The Extent Of Loss Due To Default By Auction Purchaser : Supreme Court

In a significant verdict, the Supreme Court held that the entire earnest money deposited by an auction purchaser would be forfeited as per Rule 9(5) of the Security Interest (Enforcement) Rules, 2002. ....

Tamil Nadu , Manoj Misra , Supreme Court , High Court , Madras High Court , Security Interest , Chief Justice , Indian Contract Act , Authorized Officer State Bank , Indian Contract , Anks Forfeiture Earnest Deposit , Auction Purchaser ,

FIIs: Selective FII buying seen in midcaps and smallcaps in manufacturing and allied businesses: Anand Shah

Anand Shah of ICICI Prudential AMC says midcaps and smallcaps are attractive due to their strong earnings and reasonable valuations. He notes that there is selective buying within these segments, particularly in manufacturing and allied businesses. Shah highlights the changing trend from 2020 to 2023, where B2C businesses are facing pressure while B2B businesses are performing well. He emphasizes the importance of manufacturing and allied businesses in the top 100 companies, which have shown incremental earnings growth and comfortable valuations. ....

Uttar Pradesh , Anand Shah , Indian School Of Business , Offering College , Leadership Excellence , Product Officer , Executive Officer , Might Also Like , Hdfc Bank , Icici Prudential Amc , Mutual Fund , Midcaps And Smallcaps , Expert View , Stock Market , Et Now ,

Reliance ARC Credgenics: Reliance ARC onboards Credgenics' debt recovery tech platform

Reliance Asset Reconstruction Company has adopted the debt recovery platform developed by Credgenics, which offers ARCs comprehensive digital and insights-driven capabilities for efficient debt resolution in the retail and SME sectors. It provides detailed insights into overdue cases, empowering ARCs to reconsider debt recovery approaches, and incorporates AI/ML models for assessing communication efficiency and adjusting outreach strategies. ....

Mehul Gandhi , Rishabh Goel , Reliance Asset Reconstruction Company , Chief Executive Officer , Reliance Arc Credgenics , Debt Recovery , Reliance Arc , Reliance Asset Reconstruction Company Limited ,