Role:

Specifications:

Minimum LLB degree, LLM will be an added advantage.
Work Experience of 5-12 years in Pvt/ PSU Banks/Law Firms.
Should have experience of handling legal assignments of Banking and Finance Sector.
Ideal candidate working in a law firm or reputed bank.

Objective:

To provide legal advice in connection with all litigations, both filed by or against the Bank, at various forums including but not limited to DRT, DRAT, Civil/Criminal Court, High Court, Supreme Court, and Consumer Courts.
To provide assistance in recovery of financial assistance granted by the Bank to various borrowers.

Responsibilities:

Handling litigation, both filed by or against the Bank, at various forums including but not limited to DRT, DRAT, Civil/Criminal Court, High Court, Supreme Court, Consumer Fora.
Preparing strategy for recovery/restructuring of stressed loans.
Management of stressed loan assets with average ticket size of minimum Rs.50 Crore and above.
Drafting and vetting of plaints, written statements, affidavits, interim applications, petitions in respect of cases filed by and against the Bank.
Ensuring timely reply to all Legal notices and Show Cause notices received from various regulatory/statutory authorities.
Drafting and issuing various legal notices and replies thereto including notices under SARFAESI Act, loan recall, pledge/guarantee invocation, willful/chronic defaulter, threat notices etc.
Preparing/updating litigation manual/SARFAESI manual related processes etc. of the Bank.
Coordinating with external lawyers for filing and preparation of plaints, complaints, written statements, affidavits, etc.
Drafting and review of loan, security, and related transaction documents pertaining to stressed loans.
Undertake research and study of legal problems arising in connection with the restructuring transaction, advice on the restructuring and regulatory implications of the transaction.
Liaising with regulatory/statutory authority, officers of banks/FIs.

Legal Counsel- Stressed Asset Management