Introduction In the context of loans, especially home loans or personal loans, foreclosure charges or prepayment penalties refer to the fees charged by Banks or Non-Banking Financial Companies (NBFCs) if the borrower chooses to pay off the loan amount before the stipulated loan tenure. Such pre-payments can be of two types: Part Prepayment and Absolute … Continue reading Whether Banks or NBFCs can levy foreclosure charges on Prepayment of loan?
WHETHER TENANCY CAN BE A GROUND TO OBSTRUCT THE POSESSION OF SECURED PROPERTY BY SECURED CREDITOR?
INTRODUCTION In the financial landscape the secured creditors used to counter with many difficulties and obstacles in taking possession of the secured asset when the borrowers used to default in payment of lending amount to lender/Secured creditor. Therefore, the SARFAESI Act came into existence to speed up the recovery and empowering the creditors. However, … Continue reading WHETHER TENANCY CAN BE A GROUND TO OBSTRUCT THE POSESSION OF SECURED PROPERTY BY SECURED CREDITOR?
DUCTUS EDGE 