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Reserve Bank of India introduced the scheme of wilful defaulter in pursuant of the instructions of Central Vigilance Commission during the year 1999 and subsequently modified as per the recommendations of the Working Group constituted by RBI in consu ..
Importance of TrainingThe advent of banking reforms in India has brought the concept of NPA (Non Performing Asset) which has changed drastically the perception and approach of the bank and the customer when dealing with loans financed by the bank. Th ..
Committee on Reforms of Criminal Justice System Government of India, Ministry of Home Affairs Report VOLUME I states, "TRUTH AND JUSTICE". Truth does not pay homage to any society ancient or modern. But society has to pay homage to truth or ..
Section 17(1) of SARFAESI Act states, �Right to appeal: (1) Any person (including borrower), aggrieved by any o the measures referred to in sub-section (4) of section 13 taken by the secured creditor or his authorised officer under this chapter ..
�Fundamental justice is a legal term that signifies a dynamic concept of fairness underlying the administration of justice and its operation, whereas principles of fundamental justice are specific legal principles that command �significan ..
The Hon�ble Prime Minister of India and the Hon�ble Finance Minister of India,Dear Sirs,Some of the recent pronouncements with regard to non-performing asset have created concern among the honest and upright borrowers particularly coming ..
MANAGEMENT OF NON PERFORMING ASSETS (NPA)IMPORTANCE OF APPRAISAL AND ASSESSMENT OF LOAN FACILITY Any business preposition, be it a manufacturing industry, a trading business or a service enterprise, is a process of realisation of a vision through pro ..
Recently RBI Governor Mr. Reghuram Rajan said, “The fundamental lesson of every situation of banking stress in recent years across the world is to recognise and flag the problem loans quickly and deal with them…… Forbearance is o ..
The purpose of law is to ensure the dignity of human beings and to enable them to lead a decent life as free citizen having their human rights and constitutional rights protected and upholding the principles of natural justice. But the way the SARFAE ..
It is observed that the general belief and perception of many of the legal luminaries, Court Judges, Chair persons of DRAT and Presiding Officers of DRT and also the secured creditors and their authorised officers, is that Section 13(2) of SARFAESI A ..
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