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Articles for Borrower, search results for repayment

NCLT Allows Personal Guarantor to Classify Account as NPA During Moratorium Period
1 month, 3 weeks ago

NCLT Allows Personal Guarantor to Classify Account as NPA During Moratorium Period

Live Law  

The NCLT has admitted a Section 95 application filed by the applicant bank to initiate CIRP against the Personal Guarantor of M/s CMYK Printech Limited. The tribunal found that the liability of the Personal Guarantor is co-existing with that of the Principal Borrower and that it falls under the ambit of Section 128 of the Indian Contract Act, 1872. The …

Law Finance Corporate NPA New Delhi
MFI Risks Rise with Overleveraging in Bihar, UP
3 months, 3 weeks ago

MFI Risks Rise with Overleveraging in Bihar, UP

Deccan Chronicle  

Chennai: Increasing borrower leverage, especially in states like Bihar and Uttar Pradesh, is a key concern for the micro-finance segment. For MFI borrowers, the check on household leverage becomes paramount, as improved availability of loans from MFI players, government loans, Kisan Credit Card loans, mudra loans, gold loans, and other fintech loans could overleverage the end MFI borrower, impacting repayment …

Uttar Pradesh Loans High Borrower Nbfc Mfi Bihar Uttar
RBI has said that banks and NBFCs will have to release property documents withing 30 days of repayment of a loan
1 year, 3 months ago

RBI has said that banks and NBFCs will have to release property documents withing 30 days of repayment of a loan

Op India  

In a big relief for borrowers, the Reserve Bank of India informed that banks and Non-Banking Financial Corporations have to release documents of properties and collateral mandatorily within 30 days of settling a loan. * Have to remove encumberance within 30 days, and return docs * Docs can be returned from any branch, not just home branch of customer * …

Property Documents Loan Rbi Banks Release 30 Days
RBI asks banks, NBFCs to release original movable, unmovable property documents within 30 days of full repayment of loan
1 year, 3 months ago

RBI asks banks, NBFCs to release original movable, unmovable property documents within 30 days of full repayment of loan

The Hindu  

The Reserve Bank of India has issued directions to Regulated Entities such as banks and non-banking finance companies to release all the original movable / immovable property documents and remove charges registered with any registry within a period of 30 days after full repayment/ settlement of the loan account. “However, it has been observed that the REs follow divergent practices …

Property Documents Loan Rbi 30 Days Movable Original
Who Repays Personal Loan After the Borrower Dies? Important Guide
1 year, 3 months ago

Who Repays Personal Loan After the Borrower Dies? Important Guide

Deccan Chronicle  

An instant personal loan is a popular way that many use to bridge financial gaps, be it during weddings, medical emergencies or more. Read on to understand the course of action for instant personal loan repayment in case of a borrower’s demise. The borrower's family can use the insurance policy to repay the personal loan in the event of the …

Family Personal Insurance Loan Personal Loan Case Primary
What are the risks while signing up as loan guarantor? Check it out here
2 years, 4 months ago

What are the risks while signing up as loan guarantor? Check it out here

Firstpost  

Becoming a loan guarantor means that any delay in the repayment of the loan by the borrower will also impact the credit score of the guarantor. In other cases, a loan guarantor is also asked if the borrower has an inadequate credit score or a risky job profile. Here are the risks associated with becoming a loan guarantor: Loan repayment …

Impact Credit Score Repayment Borrower Guarantor Loan Loan Guarantor
Guarantor Cannot Enjoy 'Right Of Subrogation' Even After CIRP Against Principal Debtor Gets Concluded: NCLT Hyderabad
2 years, 5 months ago

Guarantor Cannot Enjoy 'Right Of Subrogation' Even After CIRP Against Principal Debtor Gets Concluded: NCLT Hyderabad

Live Law  

The National Company Law Tribunal, Hyderabad Bench, comprising of Dr. N. Venkata Ramakrishna Badarinath Shri Veera Brahma Rao Arekapudi, while adjudicating a petition filed in State Bank of India v Shri. Ghanshyam Surajbali Kurmi, has held that a guarantor cannot enjoy a right of subrogation even after the Corporate Insolvency Resolution Process of the Principal Debtor gets concluded. The Financial …

Personal Corporate Financial Resolution Corporate Debtor Resolution Professional Resolution Plan
"IBC Does Not Protect The Interest Or Claim Of A Partner Against Another Partner Or The Firm": NCLT Mumbai
2 years, 5 months ago

"IBC Does Not Protect The Interest Or Claim Of A Partner Against Another Partner Or The Firm": NCLT Mumbai

Live Law  

The National Company Law Tribunal, Mumbai Bench, comprising of Justice P. N. Deshmukh and Shri Kapal Kumar Vohra, while adjudicating a petition filed in Parul A Vora v Kavya Buildcon Pvt. Ltd., has held that the Insolvency and Bankruptcy Code, 2016 does not protect the interest or claim of a Partner against another Partner or the Partnership Firm. The Petitioner …

Respondent Firm Bench Partner Petitioner Ibc Vora
Students who got partial loan relief to see full discharge
3 years, 9 months ago

Students who got partial loan relief to see full discharge

Associated Press  

WASHINGTON — Thousands of students defrauded by for-profit schools will have their federal loans fully erased, the Biden administration announced Thursday, reversing a Trump administration policy that had given them only partial relief. “A close review of these claims and the associated evidence showed these borrowers have been harmed, and we will grant them a fresh start from their debt.” …

Education Students Trump Loans Loan Administration Biden
RBI May Not Extend Moratorium on Repayment of Loans Beyond August 31
4 years, 3 months ago

RBI May Not Extend Moratorium on Repayment of Loans Beyond August 31

News 18  

The Reserve Bank is unlikely to extend the moratorium on repayment of bank loans beyond August 31 as an extension could impact the credit behaviour of borrowers without resolving the issues being faced by them following the outbreak of the COVID-19, sources said. It was only a temporary reprieve to borrowers affected by the pandemic, the sources said, adding that …

Bank Rbi Borrowers Moratorium Sources Borrower Resolution Framework