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CERSAI or Central Registry of Securitisation Asset Reconstruction and Security Interest of India, has been established as a company under section 8 of the Companies Act, 2013 by the Government of India. CERSAI was formed to identify and check fraudulent activity in lending transactions against equitable mortgages. In other words, the CRESAI was established to discourage and prevent the practice of taking out various loans from several banks using the same asset or property. Any bank, financial institution or an individual can access the registration platform of CERSAI for a certain fee. By registering themselves with CERSAI, the lenders can pull up the information on an asset or property to validate that whether any previous security interest has been created by a different lender ( banks, financial institutions etc.) in the past. Usually, this is done before the sanction of a loan to a borrower. This is exceptionally beneficial for the genuine buyers of the property, as CERSAI permits them to pull up all the relevant information from the registry to check whether the property in which they are interested in free of any liability that may have been created by another lender.
Which Indian railway station has become the 1600th station to have a RailWire Wi-Fi zone?
Indian Railway Institute of Civil Engineering is located at:
Which of the following is India’s first green railway corridor?
The manufacturing of steam engine in Chittaranjan Locomotive Works was stopped in:
First Train started in India?
______ implies transformation of various inputs into outpur, thereby increasing the want-satisfying capacity of inputs.
Which Railway Zone has launched the project "Operation My Saheli" for the safety of lady passengers?
What did the first functional railway that was started in Madras transport?
Jamalpur has a training institute of Indian Railways for the training of
Which factory of the Indian Railways is located at Bengaluru?
