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Verticals (Legal Eagles)
Services to banks/financial institutions / secured creditors etc:
Our talented team of topmost legal professionals will be directly interacting with you through meetings/ interface discussions and through websites to scan your problems in depth and to diagnose the root of the problems and after discussions between the banks and borrowers to solve these problems satisfactorily whereby banks can recover their overdues and at the same time borrowers can comfortably repay the dues within the ambit and four corners of Law.AND HAVE A SOUND SLEEP FREE OF ANY MENTAL TENSIONS OR ANXIETIES.
The modus operandi to help out the banks to recover their outstanding dues can be in any of the following manner:
  • To help the banks realise their dues through formulation and finalisation of O.T.S. (One Time settlement Scheme) with mutual consent and agreement between the bank authorities and the borrowers/guarantor, within the framework of the guidelines enunciated by Reserve Bank of India, for chronic settlement of N.P.A s. in accordance with the rules of the bank.
  • To interact and discuss with the borrowers about the disabling factors which have incapacitated them from repaying the dues of the bank; and suggest to them some remedies/solutions in a free, frank and candid manner, of course after consultation/discussions with the competent authorities of banks.
  • To follow up/expedite the recovery of outstanding dues from the borrowers/guarantors on behalf of banks, through personal contacts, persuasions and at times through sending legal notices/ reminders etc under the respective Acts.
  • To advise and assist the borrowers to go in for re- schedulement of loans and restructuring of Loan installments by offering them a moratorium to repay their dues in consultation with banks, if that would speed up the recoveries for banks.
  • To contact the borrowers through our team of legal professionals to expedite the sales of their mortgaged assets/properties to realise the maximum prevailing price for the mortgaged assets/properties after prior concurrence with the banks with the condition that sales proceeds thereof should be directly deposited in the loan accounts of the borrowers by the concerned buyers/overseas prospective buyers for which separate MOUs are to be executed in between banks and borrowers and borrowers and prospective buyers of the mortgaged assets/properties in question..
  • To suggest to the banks for taking over the Units of the borrowers by other prospective potential and financially capable parties/ overseas parties with the mutual consent from both the borrowers and the banks for some period until the unit survives the extremely crucial problematic Situation and then hand over the unit to the borrowers, on stipulated terms and conditions.
    For example under Hire Purchase Agreements and so on.
  • In case of incipient sickness for SSI Units, Nursing /rehabilitation programmes can be suggested/ recommended to the borrowers, after convincing the bank authorities, about the potential and viability of the S.S.I unit, which can be restored through revival/rehabilitation of the SSI unit wherever it is feasible or possible.
  • To contest the cases on behalf of banks against the chronic borrowers irrespective whether the recovery proceedings are initiated under SARFAESI ACT, 2002 or DRT and, S..FCS ACT, 1951, or RDDB& FI ACT, 1993 or any other Act under Law, before any competent court of Law.
  • And last but not least to counsel /advice/persuade/ activate the borrowers by way of moral and ethical manner to remind and exhort them to repay the dues of the banks as honest customers and as respectable and law abiding citizens of our country.
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