Legal Recovery Officer

LAXMI INDIA FINANCE; RANI BAZAR; On-site; INR 350,000 - 550,000; Full time

Job summary

LAXMI INDIA FINANCE in Rajasthan seeks a Legal Recovery professional to draft and issue demand notices under applicable statutes and to file and track civil and criminal recovery actions.

The role involves asset enforcement, SARFAESI coordination, repossession of collateral from defaulters, coordinating with panel advocates, monitoring court dates and orders, and maintaining MIS-driven recovery reports.

Responsibilities

• Draft and issue demand notices (e.g., Section 138/cheque bounce, arbitration) and file/track civil and criminal recovery lawsuits.
• Execute asset recovery enforcement (like SARFAESI), coordinate property attachments, and oversee repossession of collateral from defaulters.
• Brief panel advocates, monitor court dates/orders, and manage third-party collection agencies.
• Facilitate One-Time Settlements (OTS) and debt restructuring while ensuring regulatory compliance and fair practices.
• Maintain legal case files and track performance through MIS and recovery metrics reports.

Job description

Litigation & Notices: Draft and issue demand notices (e.g., Section 138/cheque bounce, arbitration) and file/track civil and criminal recovery lawsuits.

• Asset Enforcement: Execute asset recovery laws (like SARFAESI), coordinate property attachments, and oversee the repossession of collateral from defaulters.
• Legal Coordination: Brief panel advocates, monitor court dates/orders, and manage third-party collection agencies.
• Settlements & Compliance: Facilitate One-Time Settlements (OTS) and debt restructuring while strictly ensuring adherence to regulatory frameworks and fair practices.
• Reporting & Documentation: Maintain legal case files and track performance through periodic MIS and recovery metrics reports.