14 Nov 2024
ufOi
Legal Officer, 0 to 2 years in Mumbai
Centrum Capital Ltd
Mumbai
1-2 Years
Legal, Arbitration, Legal Documentation, Litigation, DRT, sarfaesi act, Legal Drafting
Job Description
Position: Legal Officer
Qualification: LLB
Experience: 0 to 2 years
Location: Mumbai
Job description
Qualification: LLB
Experience: 0 to 2 years
Location: Mumbai
Job description
Role & responsibilities
Job Overview:
We are seeking a motivated and detail-oriented Legal Trainee to join our legal team in the Housing Finance division. The successful candidate will work closely with our legal department to assist in matters related to the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act and other related legal frameworks. This is an excellent opportunity for law graduates or legal trainees interested in gaining practical experience in housing finance, asset recovery, and legal processes related to non-performing assets (NPAs).
SARFAESI Act Compliance:
- Assist in the preparation and review of legal notices, applications, and documents related to the enforcement of security interests under the SARFAESI Act.
- Draft and file necessary documents for initiating and progressing recovery proceedings, including but not limited to notices under Section 13(2), Section 13(4), and Section 14 of the SARFAESI Act.
- Support the legal team in compliance matters related to the enforcement of security interest, ensuring adherence to all regulatory requirements.
Documentation & Drafting:
- Assist in drafting and reviewing legal documents, including agreements, pleadings, petitions, affidavits, and other correspondence related to loan recoveries and mortgage enforcement.
Case Management:
- Maintain accurate records of case files, legal proceedings, and documentation related to recovery cases.
- Assist in tracking progress of legal actions, including court hearings, DRT (Debt Recovery Tribunal) cases, and proceedings under the SARFAESI Act.
- Prepare summaries and reports on the status of cases and legal actions for senior management.
Research and Legal Analysis:
- Conduct legal research on SARFAESI laws, housing finance regulations, recovery procedures, and relevant case laws.
- Stay updated with changes in financial, banking, and housing finance laws, particularly as they relate to asset recovery and NPA management.
Coordination and Liaison:
- Coordinate with external counsel, government authorities, and other stakeholders involved in legal proceedings.
Support in Litigation and Arbitration:
- Assist in litigation-related matters, including drafting petitions, filings, and preparing case briefs.
Preferred candidate profile
Education: A law degree (LLB) from a recognized institution.
Knowledge & Skills:
- A strong understanding of the Act and asset recovery processes in the financial sector.
- Familiarity with the Debt Recovery Tribunal (DRT) and legal proceedings related to loan defaults and NPAs.
- Proficient in legal research, drafting legal documents, and preparing case summaries.
- Strong analytical skills and attention to detail.
- Excellent written and verbal communication skills.