Team Member - Stressed Assets Litigation - Bank

- Handle SAM Litigation of cases filed by and against the Bank

- Provide legal support for resolution of stressed assets;

Strategic/ Managerial Responsibilities:

- To provide legal advice in connection with all litigations, both filed by or against the Bank, at various forums including but not limited to DRT, DRAT, Civil/Criminal Court, High Court, Supreme Court and Consumer Courts.

- To provide assistance in recovery of financial assistance granted by the Bank to various borrowers.

Core Responsibilities:

- Handling litigation, both filed by or against the Bank, at various forums including but not limited to DRT, DRAT, Civil/Criminal Court, High Court, Supreme Court, Consumer Fora.

- Preparing strategy for recovery / restructuring of stress loans.

- Management of stressed loan assets

- Drafting and vetting of plaints, written statements, affidavits, interim application, petitions, in respect of cases filed by and against the Bank.

- Ensuring timely reply to all Legal notices and Show Cause notices received from various regulatory/statutory authorities.

- Drafting and issuing various legal notices and replies thereto including notices under SARFAESI Act, loan recall, pledge/guarantee invocation, willful/chronic defaulter, threat notices etc.

- Preparing/updating litigation manual/SARFAESI manual related process etc. of the Bank.

- Coordinating with external lawyers for filing and preparation of plaints, complaints, written statements, affidavits, etc.

- Drafting and review of loan, security and related transaction documents pertaining to stressed loans.

- Undertake research and study of legal problems arising in connection with the restructuring transaction, advice on the restructuring and regulatory implications of the transaction.

- Liaising with regulatory/statutory authority, officers of banks/FIs.