KTMF condemns enforcement of SARFAESI Act by JK Bank

KTMF condemns enforcement of  SARFAESI Act by JK Bank

Srinagar: The Kashmir Traders and Manufacturers Federation (KTMF) President  Muhammad Yasin Khan has condemned the enforcement of SARFAESI Act in Kashmir by the J&K Bank. In statement issued by KTMF, Khan said the J&K Bank has booked a client under the draconian act, which is injurious for the special status and interests of Kashmir. “While […]

All of us to be blamed for 2016 uprising, says Vohra

All of us to be blamed for 2016 uprising, says Vohra

JAMMU: Governor NN Vohra said on Monday that “all of us”—parents, protesters, politicians and law enforcers—were to blame for the summer uprising in which as many as 100 protesters were killed, hundreds blinded and thousands injured by the government forces. “The irreparable pain of losing someone we love is not unknown to us. While the […]

Kashmir erupts over WPRs, SARFAESI

Kashmir erupts over WPRs, SARFAESI

Srinagar: Demonstrations were held in several parts of the valley on Friday against ‘granting’ domicile’ status to West Pakistan Refugees, a move the resistance leadership considers inimical to the interests of the majority Muslim community in the state. The joint resistance leadership had asked the people to protest against issuing of domicile certificates to WPRs […]

SARFAESI Act and its ramifications

SARFAESI Act and its ramifications

By Shahid Lone The SARFAESI (Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest) Act 2002, is a Union of India law, which financial companies invoke whenever they face the problems related of recovery of defaulted loans. In other words, it’s a tool for bad loans, performing or non-performing assets (NPA) recovery. “It’s […]

New Delhi challenges HC ruling blocking its law

New Delhi challenges HC ruling blocking its law

Srinagar: In a move that is likely to irk the PDP, the government of India has challenged the high court’s landmark ruling that last year said the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act cannot be enforced in J&K as it will undermine state’s special status. In the judgment, […]