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By virtue of the SARFAESI Act 2002, the Reserve Bank of India has the authority to register and regulate Asset Reconstruction Companies (ARCs). Under this act secured creditors (banks or financial institutions) have many rights for enforcement of security interest under section 13 of SARFAESI Act, 2002.
Rajdeep Sardesai (born 24 May 1965) is an Indian news anchor, reporter, journalist and author. He is a consulting editor and anchor of India Today Television . [ 3 ] [ 4 ] He was the Editor-in-Chief of Global Broadcast News , that included CNN-IBN , IBN7 and IBN-Lokmat , before resigning in July 2014.
Neighbors would gather in large numbers at the auction and place bids of only a few pennies, while intimidating anyone who attempted to bid competitively. [1] In the end, the bank that owned the farm would get whatever was bid and the neighbors would return the farm and its contents to the farmer. [2]
Court auction is an auction which takes place at a public location designated by the court. If a property owner fails to pay the mortgage, the mortgage holder can foreclose on that property. If the owner is unable to make sufficient payments, the property can be sold at auction. The time and place of the auction is published in official records ...
Nevertheless, in an illiquid real estate market or if real estate prices drop, the property being foreclosed could be sold for less than the remaining balance on the primary mortgage loan, and there may be no insurance to cover the loss. In this case, the court overseeing the foreclosure process may enter a deficiency judgment against the ...
India Today is a 24-hour English language television news channel based in Noida, Uttar Pradesh that carries news, current affairs and business programming in India. The channel is owned by TV Today Network Ltd , which is a part of Living Media .
2014 - Started e-auction of iron ore in Goa and red sanders wood in Andhra Pradesh. [6] 2015 - E-auction of coal mine blocks [7] and regassified LNG. [8] 2016 - Developed e-bidding platform under DDUGJY & IPDS, DEEP and allocation of marginal oil field. [9] 2017 - Developed ERAKAM portal to provide e-auction platform to sell agriculture produce ...
Government property sold at public auction may include surplus government equipment, abandoned property over which the government has asserted ownership, property which has passed to the government by escheat, government land, and intangible assets over which the government asserts authority, such as broadcast frequencies sold through a spectrum auction.