For financial service providers, the most challenging cases come from banks. We began our role as an enforcement cum recovery agent with Central Bank of India in October of 2013

After a long process of empanelment, we were assigned three of the most difficult cases to deal with. All the NPA instances among them were 5 to 8 years old bearing critical issues and no possibility of any attachment of property

We began with a positive outlook and solved one of the cases under OTS (One Time Settlement) within the first year itself, providing us a sizable thrust and positive image with banks.

We further advised the bank for prompt legal action with a case since it was a case of fraudulence. The last account was also settled in next year by OTS

It was a peculiar case in terms of legal issues, since he defaulted again and we enabled OTS thrice, finally closing the case in March 2018