Debt Recovery Law
RBI asks banks, regulated entities to prevent harassment by recovery agents
No phone calls to borrowers before 8 am and after 7 pm; 'no intrusion of privacy'
 "RBI asks banks, regulated entities to prevent harassment by recovery agents")
To 'protect interest', banks to move DRT's Mumbai bench against Future
The lead bank of the consortium has to issue notice under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI).
 "To 'protect interest', banks to move DRT's Mumbai bench against Future")
Debt recovery law amendments to ease NPA situation, says govt
The government hopes recent amendments in loan recovery laws will help hasten the disposal of over 70,000 pending cases involving more than Rs 5 lakh crore in non-performing assets and ease the crippling situation of toxic loans, senior officials said on Thursday.The amendment law, which received presidential assent on Tuesday, sets a time limit for disposal of debt recovery cases and seeks to improve ease of doing business by ensuring speedier resolution of defaulted loans.The highlights of the Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016 are expansion of definition of security interest, inclusion of debenture trustees and strengthening of asset reconstruction companies."The recovery process has been eased, which will help shrink the time for recovering bad assets," an official said.
Parliamentary panel approves debt recovery law with changes
It seeks to amend four laws; govt hopes to table the revised Bill in the ongoing session
 "Parliamentary panel approves debt recovery law with changes")
Par panel approves debt recovery law with changes
The bill seeks to expedite 70,000 cases pending in Debt Recovery Tribunals
