RESOLUTION AGENT FOR BANKS UNDER SARFAESI ACT 2002. ACCREDITED ENFORCEMENT AGENT FOR BANKS AND OTHER FINANCIAL INSTITUTIONS.
Harsh Asset Reconstruction Co. India Ltd. (HARCIL) is one of the leading asset reconstruction companies in India engaged in the acquisition of NPAs (Non-Performing Assets) from banks & financial institutions. We provide a customized reconstruction of the underlying businesses/securities through an efficient resolution process maximizing value of the said assets/securities.
https://writemyessayrapid.com/ theessayclub.com/HARCIL comprises of experienced & well- qualified professionals from Banking & Law offering timely & efficient reconstruction & resolution services. The team has worked extensively on the resolution of distressed assets, reconstruction of sick industrial units and legal and financial restructuring.
We work with prominent banks and financial institutions such as State Bank of India (SBI) and other leading banks.
We are strong believers of ethics & fair trade practices & hence are driven to provide excellent service at every step.
HARCIL is a Securitisation and Reconstruction company, registered with the MINISTRY OF CORPORATE AFFAIRS (MCA), under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002. We acquire non-performing financial assets from banks / financial institutions and resolve them bringing them to a standard state. We offer tailor-made resolutions to distressed borrowers & ultimately unlock the value of the asset.
Our entire process of acquisition & resolution is undertaken by an efficient in-house team. We carefully select the NPAS & then offer a fair resolution turning a distressed asset to its standard state.
As PER OUR MEMORANDUM WE RESOLVED TO PROVIDE SERVICES IN:
- Taking over or Changing the management of the business of the borrower
- Sale or Lease of the business of the borrower.
- Enter into settlements.
- Restructure or rescheduling of debt.
- Enforcement of security interest by taking
- possession/selling/leasing the supported asset like land, building etc.
- Act as a manager of collateral assets taken over by the lenders by receiving a fee.
- Function as a receiver, if appointed by any Court or DRT.
HARCIL acts as a trustee and the asset manager of the financial assets acquired in the trusts from Banks / Financial institutions. The funds for acquisition of financial assets are raised by the trusts from Qualified Institutional Buyers (QIBs) as defined under SARFAESI Act for which trusts issue Security
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Receipts (SRs) to QIBs. QIBs include Banks, Financial Institutions, Insurance Companies, ARCS, mutual funds, eligible Non-Banking Finance Companies (pursuant to RBI Guidelines in this regard) and Foreign Institutional Investors.