Legal Counsel- Stressed Asset Management

Job Description Litigation

Role:

• Handle Litigation of cases filed by and against the Bank.
• Provide legal support for resolution of stressed assets.

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.