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Background
Over the years, Indian banking industry has been dogged by non-performing assets (NPAs), the extent of which varies from anywhere between Rs.3,00,000 to Rs.5,00,000 crores as reported by various sources, official and un-official. However, due to the inadequacy of appropriate legal framework and other factors, the Lenders have not been very successful in recovery of these Assets/Dues from corporate and other defaulters. In order to provide the much needed impetus to the process of recovery of NPAs the Government of India through the The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Act, 2002 (Securitisation Act, 2002) has attempted to create a comprehensive legal framework to address the three important domains viz. Securitisation, Resolution of non performing loans via the asset management route and above all, enforcement of the rights of the secured lender.
The Company
Invent has been promoted by a group of professionals from diverse fields with outstanding caliber. Invent has been set up as a private Asset Securitisation and Reconstruction Company under the Securitisation Act, 2002, and commenced operations in 2009.
The Company with its appropriate credentials offers a wide array of services to help banks and financial institutions in channelising resources and realize value out of non performing assets (NPAs) locked with them. It aims to become the most influential advisor in this business segment with right information, knowledge and their application.
The Company is working with a strong Team of professionals from diverse background such as administrators, bankers, chartered accountants, finance professionals, lawyers etc., each bringing rich and valuable experience to the table. Growing opportunities in this business segment is expected to keep the team challenged, which would translate into good results with in the industries |
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