Sarfaesi Act

Muvattupuzha Urban Bank evicts two children, attaches house; MLA Kuzhalnadan breaks sealed lock, lets them in

April 03, 2022

Muvattupuzha Urban Bank evicts two children, attaches house; MLA Kuzhalnadan breaks sealed lock, lets them in

The incident occurred at Paipra in Muvattupuzha Saturday night.

June 11, 2019
Kerala co-op banks will be barred from attaching properties

In a major relief to people finding it hard to repay loans, cooperative banks would be removed from the purview of the stringent SARFAESI Act. As per this, they would not have the power to attach property in case of loan default.
May 15, 2019
Bankers so far ignored Kerala govt's plea for a lenient loan recovery system

Though the bankers took a lenient approach after government's instructions initially, they returned to take more stringent action as per the SARFAESI Act.