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Securitization & Financial Restructuring Division

The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, allows banks and Financial institutions to take possession and auction of the secured assets/ properties (residential and commercial) when borrowers fail to repay their loans. It enables bank to reduce its non-performing assets (NPAs) by adopting measures for recovery or asset reconstruction. The SARFAESI Act provides guidelines / rules for enforcement of security interests by a secured creditor without the intervention of a court or tribunal.

Our SAFE division offers consultancy and legal support services to Banks and Financial institutions for successful resolution of Non­ performing Accounts (NPA)PAN India.

In the last two Financial years, the division has handled 625 assignments For Banks / Financial Institutions / Assets Reconstruction Companies and Co-operative Banks.

Download Our Corporate Presentation
  • 30+ Years of experience
  • 500+ Clients Worldwide
  • 625+ Assignments
  • Enables Bank to Reduce its Non-Performing Assets (NPAs)
  • Successful Resolution of Non­ performing Accounts (NPA) PAN India
  • Worldwide Financial Institutions
  • SARFAESI Act, 2002
  • Follow-up of cases

What We Do

(For Securitization & Financial Restructuring Division Projects)

Due diligence of borrowers/ guarantors and secured assets

Taking possession of secured assets of Banks / Financial Institutions (SARFAESI Act, 2002)

Arranging public sale of the secured assets

Receive sale proceeds

Organize issue of the sale certificates by Authorised Officer

Follow-up of cases in various courts

Acting as custodian of assets taken over by Banks

Follow-up with borrowers / guarantors for recovery including one time settlement

To organise sale of secured assets by E-auction

Carrying out valuation of secured assets

Acting as monitoring agency in respect of sick units/ corporate debt restructuring units

Vetting of one time settlement proposals/ restructuring proposals

Arranging title search of the secured assets of borrowers / guarantors for clients

MITCON Consultancy and Engineering Services Ltd. has now been empanelled with Indian Banks’ Association (IBA) as NPA Resolution Consultant.

We provide following services in respect of NPA resolution:

  1. NPL Management
    1. Creation of marketable portfolios of NPLs through judicious classification and preparation of data room for prospective investors;
    2. Asset Valuation and Diligence
    3. Manage the process for Sale of NPL portfolio to Investors;
    4. Resolution of sticky NPLs under NCLT/ CDR/ SARFAESI/ DRT/ HC-391 framework;
    5. Managing securitization process including sale of high value real estate assets and other assets;
    6. Security Enforcement & Forensic Services
    7. Assistance in formulation of Rehabilitation Scheme (DRS)
    8. Monitoring of stressed and restructured accounts

 

  1. Turnaround or Workout Advisory
    1. Preparation of Techno-Economic Feasibility Report
    2. Assessment of Company’s strength, weaknesses & opportunities by SWOT Analysis and Porter Five Forces Analysis for competitive landscape;
    3. Divestment of non-core businesses and assets;
    4. Investors for short term/ medium term and long-term objectives;
    5. JVs / Outsourcing tie-ups;
    6. Assessment of management capability to manage change and provide management team/team members based on gaps;
    7. Preparation of restructuring plan;
    8. Stabilize and turnaround operation and financial position;
    9. Merger & Acquisition;
    10. Syndication of priority funds
  • Due diligence of borrowers/ guarantors and secured assets
  • Taking possession of secured assets of Banks / Financial Institutions as an agent of the Authorized of Officer in accordance with the provisions of SARFAESI Act, 2002
  • Arranging public sale of the secured assets as per the models prescribed as per the provisions of the Act and through e-auction, receive sale proceeds, organize issue of the sale certificates by Authorised Officer and complete all the formalities thereto
  • Follow-up of cases in Chief Metropolitan / District Magistrate Courts, Debts Recovery Tribunal, Debt Recovery Appellate Tribunal, Small Causes Court and High Court
  • Acting as custodian of assets taken over by Banks
  • Follow-up with borrowers / guarantors for recovery including one time settlement
  • To co-ordinate deployment of security personnel in the secured asset sites where possession has been taken over by Banks / Financial institutions
  • To organise sale of secured assets by E-auction through MITCON’s portal viz,
    MITCON’s E-auction portal – www.Bankonlineauction.com
    Under this facility Banks/FIs can organise e-auction of secured assets through MITCON’s portal for assignments given to MITCON as well as for all other secured assets requiring e-auction.
  • Carrying out valuation of secured assets
  • Acting as monitoring agency in respect of sick units/ corporate debt restructuring units
  • Vetting of one time settlement proposals / restructuring proposals
  • Arranging title search of the secured assets of borrowers / guarantors for clients

Mr. Sanjeev Phanasgaonkar
Senior Vice President
B- 1402/1403, Dalamal Towers, 14th Floor,
Free Press Journal Marg, 211 Nariman Point,
MUMBAI – 400 021, Maharashtra, INDIA.
Tel: +91-22-22828200 (Direct ) / 22828240
Fax: +91-22-22024553
Mobile: +91-75060 19919
Email: sanjeev.p@mitconindia.com


Mr. Vivek Kanaujia
Manager
MITCON Consultancy & Engineering Services Limited
807, Mercantile House, KG Marg
Connaught Place,
New Delhi – 110 001
Tel: +91-11-43505238
Mobile: +91-9911044214


Rajat Naidu & Amit Naidu
Block No. 11, 1st Floor Mount,
Annexe Mount Road, Nagpur – 440 001
Tel: +91-712-6631929
Fax: +91-22-22024553
Mobile: +91-9422507009 / 9423400945


Mr. Ajay Bedmutha
1st Floor, Kubera Chambers,
Shivajinagar,Pune – 411 005.
Mobile: +91-9822345223


V.P. Pednekar
Advisor
Meghna Building, 1st floor,
Teacher’s Colony, Tonca, Caranzalem, Goa – 403002.
Tel: +91-832-2463930
Mobile: +91-9326124177


Mohammed Ghouse Shakeel
Manager
Bungalow 47, Chandragiri Colony,
Trimulgherry Secunderabad – 500015
Telangana
Tel: +91-40-27748786
Mobile: +91-8885618863