ASSET RESOLUTION 2022-05-23T11:13:24+00:00

ASSET RESOLUTION

PROCESS

Vivro assists Banks and Financial Institutions in recovery of their outstanding dues under the SARFAESI Act, 2002 and helps in taking possession; extend custodial services, and effect recovery by sale of assets and other related services.
Some of the services that Vivro provides are as under:

Conducting pre-inspection/
due diligence of the charged
movable/immovable assets

Visit the Borrower /Gurantor’s
location and taking Symbolic
Possession of charged assets

Assisting in Filling applications
in Courts under section 14 of the
Sarfaesi Act,2002

Obtaining Orders of relevant
Courts of taking Physical
Possession

Execution of the orders and
taking Physical Possession
along with arranging required
police Protection

Marketing with the interested
parties/real estate agents for
participation in e-auction sale of
the assets

Carrying out talks and
discussions with the Borrowers and
convincing them to visit the Bank for Compromise OTS in the account

Vivro Financial Services Private Limited, our group company, is a Merchant Banker registered with the Securities Exchange Board of India (SEBI)and has extensive experience in Capital Markets and Mergers and Acquisitions. This gives us an immense reach to various sets of investors looking for good businesses and assets to invest in.

SCOPE OF WORK

Drafting & Verification

Drafting of Demand Notice & correspondence in that regards. Carry out verification & provide valuation report while ensuring that security is enforceable in law.

Inspection Activities

Pre- Takeover inspection in order to decide the time, duration & line of action of enforcement, access the requirement of security arrangement during and after the enforcement.

Representation & Coordination

Assistance in obtaining legal orders from the concerned authority and arranging for
police protection and other security arrangement, if required.

Possession Activities

Possession of Secured Assets which includes taking and preparation of inventory, measurement of the property, putting the lock and seal at the appropriate place, obtaining Panchnama, etc.

Custodial Services

Custodial Services like making suitable arrangements for Preservation, maintenance,
Security, safety and Housekeeping of the assets, as may be required by the Bank/FI.

Recovery of Dues

By way of compromise, settlement or sale of properties through auction or private sale.

ACHIEVEMENTS

Rs. 15,000 Crores

Mandates received till date as a whole for Vivro

Rs. 10,000 Crores

Cases relating to industries and manufacturing sector

Rs. 4,000 Crores

Others like trading, tractors, services, retails and other sectors

Rs. 1,000 Crores

Number of Housing Loans/ LAPs handled till date

  • Our sole endeavour has been to achieve highest possible recovery for the Bank in the most expeditious manner.
  • We are operating in the states of Maharashtra and Gujarat. We have taken possession of properties in several cities of Maharashtra such as Mumbai, Navi Mumbai,  Pune, Raigad, Nagpur, Ahmednagar, Kolhapur and Aurangabad, etc.
  • In Gujarat, we have executed possession and recoveries in several locations such as Ahmedabad, Vadodara, Surat, Rajkot, Bhavnagar, Vapi, Daman, Silvassa, etc.
  • Our experience also includes taking possession of large tracts of land covering several hundred of acres with complex land and labour issues.
  • We have had experience in taking possession and sale of large industrial assets in.

Steel

Textile

Chemical

Automotive ancillary business

Forging

Sanitary ware

Games and jewellery

Oil mills

Auto components

Foundry and several allied businesses