Banks to accept immovable property
No Comments Sub Category:Uncategorized Posted On: Dec 13, 2011
The new Bill introduced in lokh sabha will soon be giving provisions for the banks to accept the immovable properties.
Banks and financial institutions in New Delhi at present are not empowered to accept immovable property in concern against the defaulting borrower.
The amendments will be made accordance with The Enforcement of Security Interest and Recovery of Debt Laws (Amendment) Bill 2011.
Source: Hindu Business Line
Tags:
Amendments, Banks, Defaulting borrower, Delhi NCR, Enforcement of Security Interest and Recovery of Debt Laws (Amendment) Bill 2011, Financial institutions, Immovable properties, New Delhi
