Services

"Arrms provides or facilitates following services"
  • Dunning & Return Mail Tracking
  • Following notices are developed through the ageing of the delinquency:
  • Default intimation notice
  • Notice on adverse impact on credit rating with credit bureaus
  • Pre-repossession notice
  • Guarantor notice
  • Loan recall notice
  • Conciliation notice
  • ARRMS also provides MIS tracking of the notices viz:
  • Delivery/acknowledgement using bar code technology
  • Return notices with the reason of return analysis
  • Pre-Litigation LokAdalat/Mediation
  • LokAdalat for amicable settlement of claim
  • Mediation under commercial courts act
  • Arbitration
  • Managing entire arbitration proceedings from the date of delinquency till the award including:
  • Issue of demand notice
  • Reference to arbitrator
  • Conducting arbitral proceedings
  • Enforcement of Interim Awards under Section 17 of Arbitration Act
  • Filing for application for enforcement in court/s
  • Conducting attachment process
  • Insolvency & Bankruptcy Code
  • Issue of demand notice
  • Filing of Application before tribunals
  • Filing of claims before resolution professionals
  • Initiation of liquidation proceedings.
  • Proceedings Under Negotiable Instruments Act / Payments And Settlement Systems Act
  • Issuing notice
  • Initiating criminal complaints
  • Services of summons
  • Execution of warrants
  • Conducting conciliation camps
  • Follow ups and negotiations
  • Execution of Awards and Decrees
  • Initiate and file execution application for enforcement of final award
  • Identify borrower / co-borrowers / guarantors, moveable / immoveable properties belonging to them
  • Negotiate with borrower for settlement
  • Attach the properties through the bailiff/court
  • Conduct process of sale such as valuation, advertisement, auction etc
  • Taking all possible steps for the recovery
  • Enforcement of Securities
  • Initiating application before district magistrate for enforcement of securities under SARFAESI.
  • Assistance for taking possession of assets
  • Identify buyers to secure maximum value of the assets
  • Conducting sale process
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