1. Enforcement of Security Interests
- Identification of Non-Performing Assets (NPAs): We assist banks and financial institutions in identifying and classifying NPAs.
- Issuance of Demand Notice: Drafting and issuing demand notices to defaulting borrowers as per Section 13(2) of the SARFAESI Act.
- Possession of Secured Assets: Guiding clients through the process of taking possession of secured assets under Section 13(4) of the Act.
- Sale of Secured Assets: Facilitating the sale of secured assets through public auction or private treaty to recover dues.
2. Asset Reconstruction
- Acquisition of Financial Assets: Advising on the acquisition of financial assets by Asset Reconstruction Companies (ARCs).
- Reconstruction Strategies: Developing and implementing strategies for the reconstruction of acquired assets to maximize recovery.
- Resolution Plans: Formulating resolution plans for distressed assets, including restructuring and rescheduling of debts.
3. Debt Recovery
- Legal Proceedings: Representing clients in debt recovery proceedings before the Debt Recovery Tribunal (DRT) and Debt Recovery Appellate Tribunal (DRAT).
- Negotiation and Settlement: Engaging in negotiations with borrowers for amicable settlements and recovery of dues.
- Execution of Recovery Certificates: Assisting in the execution of recovery certificates issued by the DRT.
4. Legal Compliance
- Regulatory Compliance: Ensuring compliance with all regulatory requirements under the SARFAESI Act and related laws.
- Documentation: Preparing and reviewing all necessary documentation to ensure legal compliance and protect clients’ interests.
- Advisory Services: Providing advisory services on legal and regulatory issues related to the SARFAESI Act.