Legal Proceedings

SARFAESI Act Proceedings:

• Issue of Demand Notice, Possession Notice and Sale Notice

• Enforcement of Securities

• Initiating application before district magistrate for enforcement of securities under SARFAESI

• Assistance for taking constructive possession of assets

• Identify buyers to secure maximum value of the assets

• Assistance in Conducting sale proceeds Insolvency & Bankruptcy Code Proceedings

• Issue of demand notice

• Filing of Application before tribunals

• Filing of claims before resolution professionals

• Initiation of liquidation proceedings.

• Sale Proceeds with Co- ordination of RP Arbitration Proceedings

Managing entire arbitration proceedings from the date of delinquency till the award including:

• Issue of demand notice

• Reference to arbitrator

• Enforcement of Interim Awards under Section 17 of Arbitration Act

• Filing for application for enforcement in court/ s

• Conducting attachment process

• Conducting arbitral proceedings

Proceedings Under Negotiable Instruments Act / Payments And Settlement Systems Act

• Issuing notice & Initiating criminal complaints

• Services of summons

• Execution of warrants

• Conducting conciliation camps

• Follow ups and negotiations & Execution of Awards and Decrees

• Initiate and file execution application for enforcement of final award

• Identify borrower / co- borrowers / guarantors, moveable / immoveable properties belonging to them

• Negotiate with borrower for settlement

• Attach the properties through the bailiff/ court

• Conduct process of sale such as valuation, advertisement, auction etc

• Taking maximum possible steps for the recovery“ BRSPL” provides or facilitates following services"

• Dunning & Return Mail Tracking

• Following notices are developed through the ageing of the delinquency

• Default intimation notice & Pre- possession notice

• Guarantor notice & Loan recall notice

• Conciliation notice

“BRSPL” also provides MIS trackingof the noticesviz:

• Delivery/acknowledgement using bar code technology

• Return notices with the reason of return analysis

• Pre- Litigation Lok- Adalat/ Mediation

• Lok- Adalat for amicable settlement of claim