\r\nProven Management Team\r\n
\r\nStrong relationship with Clients\r\n
\r\nQualified Employee base of more than 200\r\n
\r\nEstablished presence in diversifies sectors\r\n\r\n
\r\nStrong domain expertise in certain sectors\r\n
\r\nStrong Brand Presence\r\n

Securitization and Financial Restructuring Division

We offer consultancy and legal support services to the banks and financial institutions for resolution of their Non-Performing Assets.
The services offered include:

  •   Due diligence of borrowers/guarantors and secured assets;
  •   Taking possession as an agent of the authorised officer in accordance with the provisions of SARFAESI Act, 2002;
  •   Arranging public sale of the assets as per any of the modes prescribed, receive sale proceeds, organise issue of sale certificates by authorized officer and complete all formalities prescribed;
  •   Follow-up of cases in Debt Recovery Tribunal, Debt Recovery Appellate Tribunal, Small Causes Court, High Court and other courts and tribunals;
  •   Acting as custodian of assets taken in possession of banks;
  •   Follow up with borrowers/ guarantors for recovery including through one time settlement;
  •   Carrying out valuation of assets;
  •   Vetting of one time settlement / restructuring proposals;

  • Our services include
  • Contact us
  • Due diligence of borrowers/ guarantors and secured assets
  • Taking possession of secured assets of Banks I 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 I 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 I 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 I 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 I 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
  • Mr. Vivek Kanaujia
  • 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
  • Meghna Building, 1st floor,
    Teacher's Colony, Tonca, Caranzalem, Goa – 403002.
  • Tel: +91-832-2463930
  • Mobile: +91-9326124177
  • Mohammed Ghouse Shakeel
  • Bungalow 47, Chandragiri Colony,
    Trimulgherry Secunderabad - 500015
  • Tel: +91-40-27748786
  • Mobile: +91-8885618863