15h Left: Legal Counsel- Stressed Asset Management

💰 ₹18,000 - ₹28,800 (Est.) 📍 Mumbai

Job Description

S
Skill Ventory


Credit Manager with Leading Bank
Skill Ventory • Mumbai, Maharashtra • via BeBee
15 hours ago
Full–time
No Degree Mentioned
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Yes Bank Limited


15h Left: Legal Counsel- Stressed Asset Management
Yes Bank Limited • Mumbai, Maharashtra • via Jobs Trabajo.org
20 hours ago
Full–time
Apply on Jobs Trabajo.org
Job description
Job Description

Job Description Litigation

Role:

- Handle Litigation of cases filed by and against the Bank.
- Provide legal support for resolution of stressed assets.

Specifications:

- Minimum LLB degree, LLM will be an added advantage.
- Work Experience of 5-12 years in Pvt/ PSU Banks/Law Firms.
- Should have experience of handling legal assignments of Banking and Finance Sector.
- Ideal candidate working in a law firm or reputed bank.

Objective:

- To provide legal advice in connection with all litigations, both filed by or against the Bank, at various forums including but not limited to DRT, DRAT, Civil/Criminal Court, High Court, Supreme Court, and Consumer Courts.
- To provide assistance in recovery of financial assistance granted by the Bank to various borrowers.

Responsibilities:

- Handling litigation, both filed by or against the Bank, at various forums including but not limited to DRT, DRAT, Civil/Criminal Court, High Court, Supreme Court, Consumer Fora.
- Preparing strategy for recovery/restructuring of stressed loans.
- Management of stressed loan assets with average ticket size of minimum Rs.50 Crore and above.
- Drafting and vetting of plaints, written statements, affidavits, interim applications, petitions in respect of cases filed by and against the Bank.
- Ensuring timely reply to all Legal notices and Show Cause notices received from various regulatory/statutory authorities.
- Drafting and issuing various legal notices and replies thereto including notices under SARFAESI Act, loan recall, pledge/guarantee invocation, willful/chronic defaulter, threat notices etc.
- Preparing/updating litigation manual/SARFAESI manual related processes etc. of the Bank.
- Coordinating with external lawyers for filing and preparation of plaints, complaints, written statements, affidavits, etc.
- Drafting and review of loan, security, and related transaction documents pertaining to stressed loans.
- Undertake research and study of legal problems arising in connection with the restructuring transaction, advice on the restructuring and regulatory implications of the transaction.
- Liaising with regulatory/statutory authority, officers of banks/FIs.

💡 Quick Summary

Seeking a career-building opportunity? The 15h Left: Legal Counsel- Stressed Asset Management position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.

Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.

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Job Details

Company Name: Yes Bank Limited

Frequently Asked Questions

Click the Apply Now button on this page, login or register for free on CallCenterJob.co.in, fill in your name, mobile number, city, and experience, then submit your application. The recruiter will contact you directly.
The expected salary for 15h Left: Legal Counsel- Stressed Asset Management in Mumbai is ₹18,000 - ₹28,800 (Est.) per month. Actual compensation may vary based on experience and negotiation.
No, 15h Left: Legal Counsel- Stressed Asset Management is an on-site position based in Mumbai. Candidates must be able to commute or relocate to this location.
Basic communication skills, a proactive attitude, and the ability to work in a team are required for 15h Left: Legal Counsel- Stressed Asset Management. Previous experience in Bank Jobs is a plus. Freshers may also apply depending on the employer's requirements.
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