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Manager,Senior Manager,AVP,VP , Legal , Asset Reconstruction Firm

  • 4-30 yrs
  • Not Disclosed

Job Description

Manager,Senior Manager, AVP, VP , Legal , Suraksha ARC Ltd. Suraksha Asset Reconstruction Limited ("Suraksha ARC") (Formerly known as Suraksha Asset Reconstruction Private Limited) is an Asset Reconstruction Company with the Reserve Bank of India under section 3 of SARFAESI Act, 2002.It commenced the business on September 29, 2016 on receipt of registration certificate from the Reserve Bank of India. Suraksha ARC is promoted by senior industry professionals , Shri Sudhir Valia and Shri Vijay Parekh with decades of experience in various roles across different industries. Mr. Aalok Dave, MD & CEO has been associated with asset reconstruction business since its inception i.e. has experience of more than 15 years in this industry. Suraksha ARC acquires NPAs,SMA 2 Accounts which have a potential of revival with financial and operating inputs by understanding the reason of stress conducting due diligence. Revival focused Suraksha ARC categorise each deal as per resolution strategy suitable to the deal and recover the maximum value from the assets thereby providing benefit to all the stakeholders.Suraksha ARC acquires NPAs,SMA 2 Accounts which have a potential of revival with financial and operating inputs by understanding the reason of stress conducting due diligence. Revival focused Suraksha ARC categorise each deal as per resolution strategy suitable to the deal and recover the maximum value from the assets thereby providing benefit to all the stakeholders.Job Description :1. Candidates from Banks, Law Firms, ARCs, NBFCs and other Financial Institutions are preferred2. Drafting and vetting of various other agreement, deeds, letters and communications;3. Documentation for security and facility agreement while granting loans,additional funding to Borrowers (from ARC or NBFC);4. In case of ARC acquisitions, vetting and finalising covenant of Trust Deed, Offer Document and Assignment Agreement, Restructuring Agreement5. Legal due diligence of various stressed accounts;6. Coordinating with vendors, Sub Resgistrar office agents for Registering the Assignment Agreement;7. Preparing case of opinion and briefing the same to law firms; Briefing Advocates, Senior Counsels, Law firms and timely follow,up of cases;8. Updating Legal MIS, tracking matters on daily basis;9. Checking all the websites of Regulator's and updating the data base with new circulars, notification, amendments etc;10. Enforcing of Security Interest under SARFAESI (issuing demand notice, possession notice, filing application with CMM,DM and taking possession thereof);11. Engaging Law Firms to represent the Company at various forums and attending the matters;12. Initiating legal actions under RDBBI Act, such as filing of OA before DRT, appeal before DRAT, recovery proceeding, obtaining recovery certificate and auctioning the secured assets;13. Attended CoCs meeting as lender to Corporate Debtors as well as RA under IBC;14. Updating with judgments pronounced by NCLT,NCLAT, HC, SC15. Initiating actions under IBC, such as filing application under section 7, 60(5), Filing claims forms etc.16. Drafting of Resolution Plan under IBC.