The Recovery Officers of BFI have been trained, as required by Reserve Bank of India and they adopt persuasive methods to arrive at settlements by way of compromise, restructuring and sale of assets.
For Resolution
Recommending rehabilitation/restructuring the outstanding
Liquidating assets by way of selling of plant and machinery
Identifying prospective investor for take over /Joint Venture
Enforcing Security Interest Act
Appointing Arbitrator
Liasoning with Official Liquidator/expedite the recovery
For Enforcement
Inspecting and verifying collateral property
Assisting in taking symbolic/physical possession of the properties
Obtaining CMM/Collector orders for taking physical possession
Identifying buyer and sale of assets
For Recovery
Meeting/Locating borrowers and guarantors
Recovering the money by persuasion
Helping to trace out/ attaching the assets of borrowers/guarantors
