Litigation Manager
5 days ago
SARFAESI Act – Litigation Executive / Legal Officer
Job Description
The Litigation Executive (SARFAESI) is responsible for handling legal proceedings related to recovery of secured assets under the SARFAESI Act, 2002, representing banks/NBFCs before courts and tribunals.
Key Responsibilities
- SARFAESI Proceedings
Initiate and manage actions under Sections 13(2), 13(4), and 14 of the SARFAESI Act
Draft and issue demand notices, possession notices, sale notices
Coordinate with District Magistrate / Chief Metropolitan Magistrate for possession orders
- Court & Tribunal Litigation
Appear before DRT, DRAT, Civil Courts, High Court
Handle Securitisation Applications (SA) filed by borrowers
Draft counter affidavits, replies, rejoinders, and written submissions
Argue interim applications and recovery matters
- Recovery & Enforcement
Coordinate with Advocates, Recovery Agents, Auctioneers
Oversee physical and symbolic possession of secured assets
Ensure compliance with RBI guidelines and bank policies
- Documentation & Compliance
Vet loan documents, mortgage deeds, guarantee agreements
Maintain litigation trackers and case status reports
Ensure timelines under SARFAESI Act are strictly followed
- Coordination & Reporting
Liaise with branch officials, valuers, and legal vendors
Prepare MIS reports for management
Advise bank/NBFC on legal risks and recovery strategy
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