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SARFAESI

 

Care Connections (P) Ltd assists Banks and Financial Institutions under relevant provision of SARFAESI Act’ 2002.

Intensive pre-viability inspection to facilitate seizure / custody of secured assets under Section 13(4) of SARFAESI Act’ 2002.
Assist in taking possession of movable and immovable properties, as an Agent of the Authorised Officer, in full compliance with the procedure laid down under the rules.
Assist the Authorised Officer in preparing the Panchnama, inventory of the property, etc. as per procedure and formats prescribed.
Arrange, on behalf of the Authorised Officer, for storage, maintenance, preservation and locking up arrangements, as appropriate, of the movable / fixed / immovable assets so taken over.
Arrange, on behalf of Authorised Officer, for Security, Insurance and / or any other action required to ensure safety of the asset taken over.
Assist the Authorised Officer to send notices to the debtors of the borrower-follow up collection.
Assist the Authorised Officer in arranging for valuation as per procedure laid down.
Assist the Authorised Officer in arranging for sale of the assets as per any of the modes prescribed.
Assist the Authorised Officer in receipt of sale proceeds, issue of sale certificate and all other formalities prescribed.
Taking possession of movable / immovable secured assets under Section 13(4) for and on behalf of the various banks.
Making complete locking up and sealing arrangements and safeguarding the assets /complex and commercial buildings.
Conducting seizure of assets and final recovery.

Care Connections (P) Ltd’s Services as Enforcement Agent under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 (SARFAESI Act) are currently being availed by 5 Banks all over Kerala.

 
 
 
 

 

 

                   

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