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ASREC (India) Limited

Outsourcing Activities

 ASREC deploys comprehensive and best possible capabilities required for resolving the NPAs acquired from Banks and Financial Institutions. ASREC has a lean and flat structure with the objective of faster response time and focus on the core areas. Hence, ASREC is building the required capabilities through outsourcing  to the leaders in various fields on a collaborative basis.

The activities, which are outsourced in general are outlined below :

  • Valuation and Legal due diligence
  • Resolution of Stressed Assets
  • Legal action to enforce
  • Preservation & Protection of Acquired Assets 

 

Valuers

ASREC engages the services of Valuers, specialised in valuing the assets and / or business of the borrower and also to confirm the validity and enforceability of the documents executed by the Borrower with the Selling Entities like Banks / Financial Institutions.

Those with these specialization and experience in similar work, may write to asrec@asrec.co.in with their detailed profile highlighting the experience in such type of activities, projects handled, etc.


Resolution Agency

Resolution Agencies are engaged to carry out Resolution of Financial Assets and act as ASREC's Agent. They design and implement resolution strategies so as to maximise realisation. The Agent would be able to enforce all the powers under SRFAESI act, 2002 acting on behalf of ASREC.

The Agency amongst other things is required to maximise realisation from the portfolio of Financial Assets, undertake negotiations with the borrower, investigate into the net worth and capabilities of the borrowers and guarantors, take possession of assets under SRFAESI Act and ensure its proper maintenance, preservation and protection, undertake liaison with various government and quasi-government authorities for disposal of assets/collaterals, represent ASREC in any court of law or Debt Recovery Tribunal or any other agency for obtaining decrees/orders for disposal of assets as well as implementation of decree/order, recover money from sale of business or assets, which would include identifying buyers for the property under consideration.

Those with these specialization and experience in similar work, may write to asrec@asrec.co.in with their detailed profile highlighting the experience in such type of activities, projects handled, etc.

Lawyers 

Lawyers are engaged to represent ASREC in any Court of Law, Board for Industrisal and Financial Reconstruction or Debt Recovery Tribunal or any other Authority, for obtaining decrees / orders for disposal of assets as well as implementation of decree / order.

Those with these specialization and experience in similar work, may write to asrec@asrec.co.in with their detailed profile highlighting the experience in such type of activities, projects handled, etc.

Security Agencies 

Security Agencies are engaged for preservation and protection of the Financial Assets acquired by ASREC.

Those with these specialization and experience in similar work, may write to asrec@asrec.co.in with their detailed profile highlighting the experience in such type of activities, projects handled, etc.