Resolution

ACRE, adopts a focused approach towards Resolution and Restructuring of Distressed Financial Assets through timely and effective recovery process with the assistance of highly skilled professionals.

 

For the purpose of resolution of financial assets acquired from Banks/ FIs one and/ or more of the following measures are adopted as provided in SARFAESI Act 2002:

 

  • Reschedulement of payment of debts payable by borrower/ co-obligant
  • Settlement of dues payable by borrower(s)/ co-obligant
  • Enforcement of security interest in accordance with the provisions of SARFAESI Act
  • Taking Legal Recourse/ recovery measures under statutory provisions
  • Introduction of strategic investors in cases of restructuring
  • With the Introduction of Insolvency & Bankruptcy Code, 2016, this provides another measure for a time bound recovery specifically for the cases where the units are in operations.

 

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