Legal Manager-HF LOAN AGAINST PROPERTY (LAP)-Recovery Branch

☞ Kotak Mahindra

View: 102

Update day: 20-05-2024

Location: Indore Madhya Pradesh

Category: Legal / Contracts Finance / Bank / Stock Real Estate

Industry:

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Job content

The candidate must be from a Banking / NBFC / Lending background.

  • The responsibility will include managing legal Litigation for Retail lending products:
  • Ensuring SARFAESI legal action initiation in NPA accounts, compliance of SARFAESI process as per TAT
  • Support to recovery team, guiding them or giving legal opinion in legal issues or processes, drafting of legal letters/notices
  • Initiating legal action in cases where action cannot be taken under SARFAESI ACT
  • Auction of current assets
  • Supporting HO Legal in sharing branch inputs for arbitration, cheque bouncing proceedings and coordinating with lawyers for the execution of award/decree/orders
  • Supporting in defending against cases filed against our legal action in courts & coordinating with enforcement agencies, marketing agents, publication houses and lawyers
  • Resolution of high-value cases
  • Team handling, supervision and HR policy compliance
  • Maintaining legal MIS, updating compliance tracker and reply to audit queries
  • Liaise with law firms, external counsel on preparation of court documents and hearings.
  • Handling end to end of all CERSAI matters on CERSAI portal which involves uploading, ID generation, preparation of master file, removal from portal on loan closure


Desired Candidate Profile:
Good exposure in Legal Collections - in the local market with good networking skills and substantial knowledge toward mortgage and real estate industry.



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Deadline: 04-07-2024

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