Nnb Investigation Pvt Ltd

Other Details

We hold expertise in understanding as well as handling matters related to Sarfaesi (Securitization & reconstruction of financial assets & enforcement of security interest act), which was implemented in 2002. Here, we assist banks as well as financial institutions under relevant provision of securitisation. The act enables banks & financial institutions to realize issues like:

Long term assets

Manage problems of liquidity

Asset liability mismatch

Improve recovery by exercising powers to take possession of securities

Sell on demand

Reduce non-performing assets (By adopting measures for recovery/reconstruction)

Some of the works we have handled in this area include:

Serving notices as dasti or affixing and drum beat

We took intensive pre- viability inspection for facilitating seizure/ custody of secured assets under section 13(4) of sarfaesi act, 2002

We took possession of movable/immovable secured assets under sec 13(4) of serfiesi act 2002, for and on behalf of various banks and financial institutions

Making complete inventory of the assets

Making complete locking up and sealing arrangements as well as safeguarding assets/complex and commercial buildings

Conducting seizure of assets and final recovery

These services were undertaken by some banks as well as financial institutions as enforcement agent under Securitization & reconstruction of financial assets and enforcement of security interest Act, 2002 (Sarfaesi Act).