DIVISIONAL LEGAL MANAGER

Job Description

Manage all legal issues of the Company w.r.t. the respective state arising out of its business, with focus on recovery and repossessions through legal actions and protect Companys interest in legal action initiated against it. PRINCIPAL ACCOUNTABILITIES Recovery through legal actions as per the set targets in NPAs, Loss Recovery accounts and Write Off Accounts; Defending legal cases filed against Company and take steps therein in time bound manner; Providing 24 X 7 X 365 legal support to branches in their endeavor towards efficient collection; Obtaining orders u/s of the Arbitration & Conciliation Act, 1996 for repossessions, attachments on properties, garnishees, etc. in time bound manner and facilitating execution thereof Provide required legal support to branches for execution of orders u/s 17 of Arbitration and Conciliation Act, 1996; Execution of decrees against the Judgment Debtors to obtain Warrants of attachments (against movable as well as immovable properties) and/or warrant of arrest in time bound manner and execution thereof; Service of summons and execution of warrants in S. 138 cases filed by Company; Empanelment of advocates branch wise for providing all kinds of legal support to branches for recovery, repossessions, police matters, sending of demand notices to defaulters, etc.; Reply to notices received from borrowers/guarantors; Ensure updation of Legal Cases MIS on daily basis;Arrange sale clearances from courts for selling assets repossessed through legal action in time bound manner;Take back custody of the assets seized by police / Govt. Authorities;Filing criminal cases against the defaulters, where assets are not traceable;Visit police stations w.r.t. criminal cases filed by / against Company or its officers; DIMENSIONS Financial Dimensions (if applicable) Responsible for recovery of certain percentage of claims filed by the Company in NPAs, Loss Recovery and Write Off accounts w.r.t. respective state/s. Responsible for maintaining cost to recovery ratio, while spending on legal actions and recovering Companysmoney through legal actions w.r.t. respective state/s.Other DimensionsTAT for obtaining s. 9 orders, arranging receivers visits and giving sale clearances; TAT for filing Execution of Decrees, service of Execution Petition on judgment-debtors, service/execution of summons initiating execution of decreesTAT for obtaining S. 9 / S. 17 orders TAT for filing replies / written objections / applications for vacation of injunctions in Cases against Company. Educational Qualifications Basic Graduation (preferably B. Com.) plus LL. B. Functional Skills Thorough knowledge of General and Commercial Laws, Laws relating to Banking and NBFCs, Corporate Laws, Criminal Laws, Procedural Laws such Civil Procedure Code, Criminal Procedure Code, Indian Evidence Act, Law of Limitation, etc. Practical knowledge of court processes and actual court working; Excellent network with police, court officers, various offices attached to court such receiver, liquidator, bailiff, assignee, etc., legal professionals from other banks and NBFCs and ability to get the work done through them. Excellent communication skills Relevant and total years of Experience 3 - 7 years of experience in finance industry,Preferably from recovery oriented legal actions background;Having good knowledge of civil and criminal laws, consumer laws, arbitration law, General and Commercial Laws, etc.Having knowledge of practical aspects of civil and criminal laws as well as court processesHaving very strong network of advocates and other service providers;