Parijatha Legal provides value added services in important areas across various centres in India. Parijatha Legal comprises legal personnel, both experienced and young professionals engaged in constant upgradation/updation in the field. Major functions undertaken by Parijatha Legal are listed below:
Title related matters:-
a) Searches in Sub-registrar, Revenue , Court offices
b) Examination of title deeds/documents, Investigation of title and preparation of reports
c) Coordinating between lenders and borrowers in creation of security, advise on company law requirements/compliance and drafting of requisite documents.
Loan related Matters:-
a) Drafting Loan agreements
b) Drafting Guarantee/Indemnity deeds
c) Drafting Hypothecation or other deeds.
d) Drafting of mortgage documents
e) Drafting of Powers of Attorney/Undertakings
f) Advise on compliance of Stamp laws
Investment related matters:-
a) Vetting proposals
b) Drafting documents
Real Estate Matters:
a) Giving opinion on title deeds/documents
b) Arranging for ECs/7/12 extracts etc
c) Drafting of necessary agreements of sale, sale deeds and other documents
d) Coordinating with Sub-registrar offices
e) Drafting and arranging for registration of Sale Deeds / Sale Certificates / Gift Deeds / Rectification Deeds
Merger and Acquisitions
a) Opinon on proposal
b) Drafting of necessary documents
c) Any other Coordination with Company law advocates, in Company matters before Courts.
Company related matters
a) Advise and Drafting Memorandum and Articles of Association
b) Coordinating and assisting in formation/registration of Companies
c) Handling matters related to creation/modification/satisfaction of charges, including CLB approval, wherever necessary.
d) Extensive MCA/ROC search on corporates.
Recovery related matters
a) Drafting legal/recall notices to borrowers/guarantors as a prelude to commencing recovery proceedings.
b) Editing drafts or drafting and coordinating with advocates on record for filing O.A. before Debt Recovery Tribunals (DRT), obtaining decrees/recovery certificates and execution thereof.
c) Editing or drafting and filing Written Statements, Objections, Affidavits and Miscellaneous / Interlocutory Applications.
d) Editing or drafting and filing appeals before Debt Recovery Appellate Tribunals (DRAT) and/or contesting the appeals filed by borrowers / guarantors.
e) Drafting and ensuring issuance of notices u/s. 13(2) of SARFAESI Act, 2002.
f) Drafting response, if any, to objections raised against 13(2) notice by borrower/guarantors/advocates within stipulated time.
g) Contesting/defending the Banks/ARCs in the Securitization Applications filed by borrowers/guarantors/others.
h) Engaging and coordinating regularly with advocates/senior counsels at various centres on behalf of Banks/Institutions/ARCs etc.
i) Filing complaints and appearing before the Magistrate Courts seeking reliefs for various crimes committed by borrowers/guarantors.
j) Editing or drafting Winding up Notices and filing winding up petitions before the concerned High Courts.
k) Filing suits in civil courts against borrowers/guarantors and defending Banks/Institutions/ARCs.
l) Defending the Banks / ARCs before State Commissions and District Consumer Forums.
m) Drafting and execution of various agreements such as Master Restructuring Agreements / Trust & Retention Account Agreement and other related documents / agreements.
n) Drafting and filing applications under Sec.14 of Securitization Act, 2002 before Chief Metropolitan Magistrate/District Magistrate seeking assistance for take over of physical possession of secured assets wherever necessary.
o) Drafting and publication of possession notices
p) Drafting and issuing statutory 30 days’ Sale Notice(s) to the mortgagees.
q) Drafting consent terms / compromise or settlement memos and filing before the Debts Recovery Tribunals and filing applications for withdrawal of O.A. / recovery proceedings after realization of the settlement amounts.
r) Drafting and filing applications and representing Banks / ARCs at the BIFR / AAIFR hearings.
s) Filing of claim applications before the Official Liquidators along with supporting charge documents and obtaining release of sale proceeds.
Others
Carrying out Legal Due Diligence (LDD) of the records / documents of Seller Banks pertaining to their NPA portfolio offered for sale and submitting comprehensive LDD reports in structured formats to facilitate submission of competitive bids by Banks / ARCs.
