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The law does not apply to unsecured loans, loans below ₹100,000 or where remaining debt is below 20% of the original principal. This law allowed the creation of asset reconstruction companies (ARC) and allowed banks to sell their non-performing assets to ARC's. Banks are allowed to take possession of the collateral property and sell it ...
India's Best Company of the Year Award 2018 by Berkshire Media Pvt. Ltd. (A Division of Berkshire Media LLC, USA) [31] Dream Companies to Work for - Construction Sector, 16 February 2019 [32] Award for Brand Excellence- Construction Equipment Industry ACE- National Brand Leadership Congress & Awards 2019 [33]
India SME Asset Reconstruction Company Ltd. (ISARC) [19] for speedier resolution of Non-Performing Assets (NPA) in the MSME sector. SIDBI supports the Government of India in its initiatives and work as a nodal agency for some of the schemes related to development of MSMEs, such as Make in India and Startup India.
The Fence Cutting Wars ended with the passage of a Texas law in 1884 that made fence cutting a felony. Other states followed, although conflicts occurred through the early years of the 20th century. [25] An 1885 federal law forbade placing such fences across the public domain. [22] Barbed wire is cited by historians as the invention that tamed ...
It is a registered company under section 8 of the Companies Act, 2013 having its registered office at New Delhi. CERSAI is a Registration System under the provisions of Chapter IV of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. (SARFAESI Act).
Unitech Limited is an Indian real estate investment company headquartered in New Delhi, [3] and once claimed to be the largest real estate builder in the country. [4] [5]The company is based in New Delhi [3] and ranks 1484, in Forbes Global 2000 listing of the top 2000 public companies in the world by Forbes magazine, 32nd in India. [6]
Reliance Capital obtained its registration as a non-banking finance company (NBFC) in December 1998. It has since diversified its activities in the areas of asset management, life and general insurance, commercial finance, stock broking, private equity and proprietary investments, asset reconstruction, distribution of financial products and other activities in financial services.
In 2024, the Reserve Bank of India, effectively suspended Edelweiss Asset Reconstruction Company from acquiring more business, while simultaneously limiting the business of ECL Finance. Both are subsidiaries of Edelweiss Financial Services Ltd. [ 22 ] The Reserve Bank of India found evidence to suggest that Edelweiss had been using its Group ...