Cluster Manager - Legal

Role Purpose Objective: Proactively engage in reduction of NPA, lessening litigation and enhancing recovery. Coordinate with Credit Collections Team in managing collections and recovery through legal means. Assist in invoking the provisions under SARFAESI Act in time, including taking possession (symbolic/physical), sale of secured assets and monitoring the cases across Region. Drafting Legal Notice/Recall Notice, Notice under Section 138 of Negotiable Instruments Act, Reply Notices/Rejoinders, Versions/Objections etc. Apprise the Regional Legal Manager about the progress in recovery through litigation and management of litigation portfolio of the Bank. Drafting/vetting/review of all kinds of credit documentation for MSE and Housing, including security documents and all transaction documents for various kinds of fund based and non-fund based as well as secured and unsecured facilities. To prepare/vet MoDT for registration. To represent bank before SRO while registration and cancellation of mortgage documents. To represent bank before SRO during purchase cases and collect OTC documents. To collect documents from other financial institutions on behalf of bank in BT cases. Vetting of Title Scrutiny Reports (TSR) submitted by panel Advocates to confirm that the TSR satisfies the business requirements of the Bank. Assist the business/Credit in registering Mortgages wherever necessary. Managing legal issues pertaining to creation/registration of Mortgages, Hypothecation, Pledge etc. Ensure prompt handling of cases by panel Advocates. Liaise with Courts, Commercial Courts, Arbitration Tribunals, DRTs, Legal Services Authorities, panel Advocates, empaneled Recovery Agents, Consumer Fora etc. and ensure their good relationship with the Bank.