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CERSAI's was created to maintain a central registry of mortgages, where it contains the mortgage taken on a property along with certain details. CERSAI's mandate was extended in 2012 to start registration of security interests created through assignment of accounts receivables or factoring, through the passage of the Factoring Act, 2012. In ...
The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (also known as the SARFAESI Act) is an Indian law.It allows banks and other financial institutions to auction residential or commercial properties of defaulters to recover loans. [1]
From November 12, 2013, the requirement of submitting information to CERSAI has been extended to all institutions and banks that are not covered by SARFAESI Act, 2002. The information to be submitted in respect of all the Equitable Mortgages created in favor of the institution on and from 31.03.2011.
Marking an end to more than 15 months of deadly conflict, Israel and Hamas reached a ceasefire deal on Wednesday that includes the release of captives held by both parties. The agreement was ...
The Trump Administration took down parts of some government websites.
In Texas, Florida, and more than a dozen other states, users who try to access the world’s largest pornography website are greeted by a surprising sight: a message on a black screen telling them ...
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