Search Results for Tag : borrower
Judgments
A written communication sent to addressee's last known place of business, habitual residence or mailing address is deemed receipt.(22.07.2016)
Co-borrower along with other signatories of the home equity agreement are jointly and severally liable to re-pay the loan amount disbursed by concerne.....
Tags : Re-payment, loan, co-borrower, liability- joint & severable
A written communication sent to addressee's last known place of business, habitual residence or mailing address is deemed receipt.(22.07.2016)
Co-borrower along with other signatories of the home equity agreement are jointly and severally liable to re-pay the loan amount disbursed by concerne.....
Tags : Re-payment, loan, co-borrower, liability- joint & severable
Opportunity to decide NPA classification on account-basis slips by(11.04.2016)
A borrower having repaid all of the principal sum but with more than 20 per cent of interest remaining cannot escape the provisions of the SARFAESI Ac.....
Tags : non-performing asset, classification, multiple accounts, borrower
Notifications & Circulars
Relief for MSME Borrowers registered under Goods and Services Tax (GST)(07.02.2018)
Presently, banks and NBFCs in India generally classify a loan account as Non-Performing Asset (NPA) based on 90 day and 120 day delinquency norms, res.....
Tags : MSME Borrowers, Relief, GST
Enhancing Credit Supply for Large Borrowers through Market Mechanism(12.05.2016)
The Reserve Bank of India released a paper on Framework for enhancing .....Tags : rbi, large borrower, risk, asset
Expert committee to assist Government for assessment of relief to bank borrowers(10.09.2020)
Various concerns have been raised during the proceedings of the ongoing hearing in Hon'ble Supreme Court of India, in the matter of Gajendra Sharma Vs.....
Tags : Expert committee, Assistance, Bank borrowers
News
SC Bars Charging Compound Interest or Penal Interest on Any Borrower During Loan Moratorium(23.03.2021)
Supreme Court has directed that there should be no charging of compound interest, interest on interest or penal interest on the instalments which were.....
Tags : Supreme Court, Compound Interest or Penal Interest on Borrower
SC: Burden to Prove Secured Properties Are Agricultural Lands is Upon Borrower(06.01.2023)
Supreme Court has held that in proceedings under SARFAESI Act, burden is upon the borrower to prove that the secured properties are agricultural lands.....
Tags : Supreme Court, SARFAESI, Borrower, Burden
Bom. HC: Show Cause Notice for Contempt Issued Against Individuals Borrowing from NBFCs(27.03.2024)
Bombay High Court has issued show cause notice for contempt proceedings against certain borrowers who after giving a solemn undertaking to the Court, .....
Tags : Bombay High Court, Show Cause Notice, Contempt, Borrowers
MP HC: Can’t Sustain Proc. Against Accomplice for Fraud When Proc. Against Principal Borrower Closed(04.06.2024)
Madhya Pradesh High Court has observed that accomplices involved in the offence of fraud cannot be prosecuted once proceedings initiated against the p.....
Tags : MP High Court, Principal Borrower, Accomplice
SC Questions RBI’s Policy to Maintain Secrecy of Defaulter's Name(25.10.2016)
Supreme Court has asked Reserve Bank of India why names of borrowers that owe more than Rs 500 crore to country’s banks shouldn't be made public.
Tags : Supreme Court, RBI, borrowers, Defaulters
SC: Opportunity of Hearing Does Not Mean Personal Hearing(15.05.2023)
Supreme Court while issuing clarification on its judgment in the case of SBI v. Rajesh Agarwal (MANU/SC/0308/2023) which mandated that borrowers shoul.....
Tags : Supreme Court, Borrower, Personal Hearing
RBI Eases Bad Loan Classification Norms For Small Borrowers, Farmers(29.12.2016)
Reserve Bank of India (RBI) has relaxed norms for bad loan classification for small borrowers, including farmers, giving them additional 30 days to re.....
Tags : Reserve Bank of India, loan, repayment, Small Borrowers
SC Seeks Government Reply on Relief to Big Borrowers(06.10.2020)
Supreme Court has asked the Centre to place on record its decisions on relief to big borrowers while waiving interest on loans up to Rs 2 Crores payab.....
Tags : Supreme Court, Relief to Big Borrowers
SC Highlights Inconsistency between SARFAESI Act and its Rules, Urges Government to Amend(23.09.2025)
Supreme Court observed a notable conflict between the provisions of the SARFAESI Act, 2002 and its corresponding Rules with respect to the borrower’s .....
Tags : SARFAESI, Borrower, Amendment
J&K&L HC: Under SARFAESI Act, Borrower's Right To Redeem a Secured Asset Ends With Auction Notice(10.12.2025)
Reaffirming the amended Section 13(8) of the SARFAESI Act, 2002, the J&K and Ladakh High Court held that a borrower's right to redeem a secured asset .....
Tags : Borrower, Secured Asset, Auction Notice
SC: Borrower Has No Right To Be Represented By Lawyer Before In-House Committee(13.05.2019)
Supreme Court has observed that a borrower has no right to be represented by a lawyer before the In-House Committee of banks constituted for the purpo.....
Tags : SC, Borrower
Supreme Court: Borrowers Retain Redemption Rights if Balance is Paid After Auction Deadline(03.04.2026)
Under the SARFAESI Act, 2002, the Supreme Court held that if an auction buyer fails to pay the balance on time, the sale is incomplete and not final; .....
Tags : Borrowers, Redemption Rights, Auction
NCLAT Reaffirms That Borrower's Debt Acknowledgment Also Extends Limitation Period for Guarantors(26.12.2025)
NCLAT Delhi has reiterated that when a principal borrower acknowledges a debt, it extends the limitation period for initiating insolvency proceedings .....
Tags : Borrower, Limitation, Guarantors