Comprehensive SARFAESI-Compliant Recovery Solutions

Finsaga Pvt Ltd offers a comprehensive scope of services covering the entire gamut of SARFAESI Act-driven debt recovery. From meticulous pre-takeover assessments to facilitating negotiations and addressing legal challenges, our services go beyond conventional practices. With a customer-centric focus, we ensure transparency, adherence to legal frameworks, and adaptability across various industries. Finsaga stands as a reliable partner for banks seeking transformative and effective recovery solutions that prioritize legal compliance and ethical practices.

Pre-Takeover Excellence: Rigorous pre-takeover assessments, combining physical inspections, legal document scrutiny, and viability evaluations, form the foundation of our SARFAESI-driven recovery strategy.

Notice Precision: Expertise in drafting and serving SARFAESI Act-prescribed notices, including demand notices, symbolic possession notices, and sale notices, showcases our commitment to legal accuracy.

Borrower Engagement: Proactive follow-ups, borrower education, and persuasion efforts underline our commitment to fostering transparent communication while emphasizing the implications of SARFAESI Act provisions.

Symbolic Possession: Swift and effective symbolic possession processes are executed on behalf of the bank, demonstrating our efficiency in initial stages of recovery.

Legal Assistance: Timely application for orders from District Magistrates/Chief Metropolitan Magistrates, coupled with relentless follow-ups, ensures necessary legal support for physical possession.

Police Coordination: Coordination with police forces for security during physical possession reinforces our commitment to a seamless and secure recovery process.

Physical Possession Management: From acquiring movable to immovable assets, our team, assisted by law enforcement, handles the entire process, including eviction, legal documentation, and prescribed notices.

Security Arrangements: With the bank’s consent, we organize security, watch, and ward services to safeguard and preserve secured assets post-physical takeover.

Custodianship and Management: Taking on the role of custodians and managers, we ensure responsible and effective management of secured assets post-recovery.

Sale Process Assistance: Our support extends to assisting the bank in valuating and selling seized assets, managing reserve prices, and exploring various avenues, including auctions and direct sales.

Extensive Buyer Network: Leveraging a substantial database of prospective buyers and investors, we facilitate the bank in selling distressed assets efficiently.

Publication and Certification: From drafting notices for sales to facilitating the issuance of sale certificates to buyers, our involvement ensures compliance and transparency throughout the process.

Legal Hurdle Removal: Collaborating with the bank’s legal representatives, we navigate and remove legal obstacles, including stays granted by Courts/DRT, ensuring smooth proceedings.

Negotiation Expertise: Engaging in negotiations with borrowers showcases our commitment to exploring amicable settlements, aligning with the legal framework.

Tailored Recovery Solutions: Our flexibility extends to providing any additional services or steps required for recovery within the legal framework of the SARFAESI Act, ensuring a holistic and adaptable approach.