NPA Solutions

 

 

 

AEGIS started a division “AEGIS Consulting”, immediately after inception of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002(SARFAESI Act) to provide advisory services for Stressed Assets and Resolution of Non Performing Assets(NPA’s)and to assist the Banking and Financial Sector in Management and Resolution of their Non Performing Assets under said Act as their “Enforcement, Recovery, Search & Seizure Agent”.

 

AEGIS is well positioned in the field and is extending its services to various PSU/FI’s and in fact is leading service provider in North India. Apart from SBI group, AEGIS provides services to various nationalized and private sector Banks.

 

AEGIS offer complete end-to-end solution from Reconstruction of Individual case to their ongoing monitoring and sale of completed transactions.

 

AEGIS provides services in NCR, Western UP, Uttarakhand, Haryana and part of Rajasthan and is in process to expand the operation all over India.

 

Management of Non-Performing Loans and Assets

 

  • Taking possession of movable and immovable properties
  • Preparing the panchnama and taking inventory
  • Arrangement for storage, maintenance, preservation, and locking , as appropriate, of the moveble/immoveble assets to be taken over
  • Arrangement for security, Insurance and /or any other action required to ensure safety of the assets taken over
  • Assist the Authorized Officer to send notices to debtors of the borrowers

 

Arranging Sale of Stressed Assets

 

  • Arrangement for valuation of movable/ immovable assets
  • Arrangement for sale of assets
  • Assist the authorized officer in receipt of sale proceeds, issue of sale certificate and all the necessary formalities prescribed under the Act

 

Advisory Services

 

  • Identify the cases, which can be handled under the Securitization Act
  • Cost benefit analysis in case of taking over the asset
  • Restructuring scheme if settlement is desired
  • Monitoring Transaction

 

Other Specialised Services (If required )

 

  • Investigation
  • Workshop and training on recovery mechanism
  • Stock Verification
  • Due Diligence
  • Provide Professional to Manage acquired asset (in case of change of management)