ASSET RECONSTRUCTIONS:

Under Asset Reconstruction Services, NNB acts as Resolution Agency for Asset Reconstruction companies, Banks and Financial Institutions where NNB undertakes various activities including due diligence negotiations, verifications, possession, take over, maintenance, security, selling off and enforcement etc. NNB acts as the Power of Attorney holder of the asset reconstruction companies, Banks and Financial Institutions who are not able to go in the market and acts as their extended arms to perform and undertake all the activities required for resolution of the Non Performing Assets (NPAs):- The scope of services offered by NNB under this also include.
1. Financing fresh equity,
2. Take over of assets by investors,
3. Strip sale of assets,
4. Mergers,
5. Amalgamation,
6. Scheme of compromise,
7. Financial management
8. Fighting cases for clients at DRT,BIFR & AAIFR courts
9. Using SARFAESI Act. etc.

SARFAESI:

SARFAESI (Securitisation & Reconstruction of Financial Assets & Enforcement of Security Interest) Act, implemented on 2002.

We assist Banks and financial Institutions under relevant provision of Securitisation.

The Act enables the banks and financial institutions to realize long term assets, manage problems of liquidity, assets liability mismatch and improve recovery by exercising powers to take possession of securities, sell them and reduce non-performing assets by adopting measures for recovery or reconstruction.

Serves the notice as dasti or affixing and drum beat.

1. We took intensive pre- viability inspection to facilitate seizure/ custody of secured assets under section 13(4) of SARFAESI Act, 2002.
2. We took possession of movable/immovable secured assets under Sec 13(4) of SERFIESI Act 2002, for and on behalf of the various banks and financial Institutions.
3. Makes the complete inventory of the assets.
4. Making complete locking up & sealing arrangements and safeguarding the assets/ complex and commercial building etc.
5. Conducting seizure of assets and final recovery.

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Contact Us

Address: F-58, Basement, Kalkaji
new Delhi 110019
Telephone: +91 11 41616655
FAX: +91 11 41616633
Mobile: +91 9312236093
E-mail:info@nnb.in