15h Left: Legal Counsel- Stressed Asset Management

💰 ₹18,000 - ₹28,800 (Est.) 📍 Mumbai 🕐 5 days ago

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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• Develop innovative ideas for cost savings and process enhancements.
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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

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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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