To analyse/study all Non-Performing Asset (NPA) cases with respect to exposure, security, status of existing operation, any other issues and devise recovery strategy. To conceptualize and implement recovery strategies through various actions including legal actions such takeover of properties under SARFAESI/SFC act and other actions such as CIRP process through NCLT for recovery of loans out of NPA cases. To oversee and manage the recovery out of NPA cases by way of follow up with companies/promoters through meeting/ correspondence, visit to the units/company offices and through various legal actions including takeover /disposal of assets /one time settlement / restructuring of the dues and other legal actions including suit against company/ guarantors, criminal complaints, wilful defaulter proceedings etc. Takeover and disposal of assets under SARFAESI/SFC act. Handling of NCLT cases involving submissions of claims, co-ordination and follow up with Resolution professionals/COC/other lenders, attending Creditors meetings, study of resolution plans /deciding on stand on various voting matter and voting on the resolution plan, submissions of plans to management etc . Co-ordination and follow up with advocates/solicitor firms for various legal actions including filing of suits/CMM applications, vetting of plaints/replies, furnishing information, formulation of our view to be presented at the hearing etc. Co-ordination with Statutory Auditors, Internal Auditors, RBI Auditors, Advocates, Property Consultants, Valuers, Security Agencies, Government agencies, police etc. including submissions of information required by them. Review of legal matters/legal actions of all cases with advocate and legal team from time to time. Preparation and submissions of MIS information/status reports/ATR to Audit Committee/ Recovery Committee/ Board of Directors from time to time. Submission of proposals for OTS/ Sale of assets to the Board/Recovery Committee, Communication of approval to parties and monitoring/follow up for recovery. Post Recovery work including execution of legal documents/sale certificate/ release of securities and issuance of no dues certificates.
Analyze and assess recovery cases, especially NPAs, including financial exposure, available securities, and borrower profile. Develop and implement recovery strategies aligned with regulatory and institutional frameworks. Liaise with borrowers/promoters for negotiation, settlement discussions, and enforcement actions. Guide and oversee actions under SARFAESI Act and SFC Act, including asset seizure, public auction, and legal proceedings. Coordinate with external legal counsel for filing suits, legal notices, and representation in appropriate forums (DRT, NCLT, etc.). Participate in follow-ups with government departments, promoters, and financial institutions. Oversee reporting and documentation including MIS, recovery dashboards, and board-level reporting. Assist in vetting One-Time Settlement (OTS) proposals and restructuring of stressed assets. Ensure compliance with all statutory, regulatory, and internal policy requirements.
Assist in assessing NPA accounts to evaluate exposure, security, and operational status Support execution of recovery actions including SARFAESI/SFC Act proceedings and CIRP cases via NCLT. Conduct follow-ups with borrowers/promoters through correspondence and visits. Assist in asset seizure, disposal processes, and drafting necessary legal and administrative documents. Coordinate with legal advisors for issuing notices, filing suits, and managing documentation. Follow up with Resolution Professionals, COC, and lenders in insolvency matters. Maintain and update MIS, recovery trackers, and documentation for internal and external reporting. Support preparation of proposals for OTS, restructuring, and asset sales. Facilitate post-recovery formalities including documentation and securities release.
Taking Legal actions against defaulting borrowers To draft and issue notices u/s 138 of Negotiable Instruments Act, Demand Notices, Recall Notices, Notices u/s 13 (2) of SARFAESI Act, Takeover Notices, Winding up Notices, Replies, Letters, Correspondences etc. Initiating action in the Corporate Insolvency Resolution Process (CIRP) process for recovery of loans out of NPA cases. To draft Possession Notice, Public Auction Notice and getting it published in the newspaper. Vetting of Original Applications, Securitization Applications, Company Petitions, Writ Petitions, Suits, Appeals, Revision Applications, Affidavits, Replies, Say, Written Statements, etc. To draft & scrutinize the loan documentation including security documents as well loan closure documents To Report/Update Charges/Mortgages with RoC and the Central Registry (CERSAI). Registration of mortgage/charge documents with concerned Sub-Registrar/s & RoC. Maintain and update legal MIS/Data/ Records/ Register/Files Appearance before concerned Court/ authorities for all cases related to SICOM, its subsidiaries and its employees as and when required or directed. Assistance for statutory and legal requirements.