Possessed Property Sale & Auction Assistance under the SARFAESI Act 2002
At Kaizen Solutions and Shield, we offer Possessed Property Sale & Auction assistance under the SARFAESI Act 2002, providing end-to-end support for the sale and auction of properties repossessed under the SARFAESI enforcement process. This service helps financial institutions successfully auction properties and realize sale proceeds, ensuring resolution of NPA accounts with full legal compliance.
Our Solution
Financial institutions facing non-performing assets (NPAs) often struggle with the complex process of selling possessed property to recover dues. Our SARFAESI property auction services assist clients in the successful auction of property and the realization of sale proceeds, ensuring closure of SARFAESI proceedings. This helps expedite the resolution of NPA accounts.
Key Features of Our Service
- Identification of Buyers/Investors: We assist in identifying potential buyers and investors for the possessed property. With a vast network of investors and retailers, we ensure the property attracts serious bids, maximizing the chances of a successful sale.
- Auction Process Management: Our team provides prompt assistance during the auction process, ensuring smooth operations in accordance with the procedures outlined in the SARFAESI Act, while maintaining full transparency.
- Real-time Updates: Through our proprietary CRM system, we provide real-time updates on auction progress, keeping clients informed throughout the process.
- Maximized Sale Proceeds: Our focus on identifying the right buyers and managing the auction efficiently ensures the best possible sale price, aiding in the recovery of maximum funds.
How Our Service Benefits the Client
- Successful Auction of Property: We help clients secure the successful auction of the possessed property, ensuring compliance with all legal requirements and maximizing sale proceeds.
- Resolution of NPA Accounts: By assisting in the auction process, we support financial institutions in resolving NPA accounts and recovering outstanding dues.
- Timely Completion of SARFAESI Proceedings: Our service accelerates the auction process, helping complete SARFAESI proceedings in the shortest possible time, enabling financial institutions to move forward quickly.
Why Choose Kaizen Solutions and Shield?
- Skilled Resources: Our team comprises professionals with deep expertise in SARFAESI property auction services, ensuring a streamlined and effective process.
- Use of Technology: We utilize automation and technology, providing best TAT in the industry and ensuring that every stage of the auction process is efficient and timely.
- Real-time Updates: Clients receive real-time updates via CRM, ensuring they stay informed throughout the auction and sale process.
- Proven Success: With a track record of successful auctions and NPA resolution, Kaizen and Shield is the trusted partner for financial institutions seeking to recover funds from repossessed assets.
