1. Scrutiny of debt documentation
2. Circumstantial appraisal
3. Finalise strategy of resolution
4. Persuasion & negotiations
5. Legal strategy
6. Approach & fix time line
7. Performance review
8. Reporting
9. Closures
1. Breaking the ice
2. Assessment of circumstances
3. Reconciliation and acknowledgment
4. Mediation and negotiations
5. Initiation of court proceedings
6. Service of processes
7. Judgement
8. Enforcement of judgement
9. Payment receipt and accounting
1. Nominal fixed charges
2. Performance based Fees
3. Tailor made resolution strategy
4. Pursuasive / Balanced approach
5. Industry specific Circumstances
6. Strict Legal ambit
1. Monthly Performance review
2. Reporting of activities based on resolution efforts
3. Analyse deviations and identify reasons causing deviations
4. Prompt revision of resolution plan to accommodate new developments
5. Weekly internal reviews
6. Fortnightly review by core committee
7. Advisory committee for strategic decisions
8. Constant reporting / Management by exceptions
1. Settlements
2. Receipt of receivables /PDCs
3. Settlement Monitoring
4. NOC Processing
5. Billing & Receipt of fees
6. Closure
1. Identify the potential NPA / Bad-Debt cases
2. Willingness to outsource NPAs
3. Preliminary meeting - introduction & service offering
4. Detailed presentation, concept, & benefits of outsourcing
5. In principle-agreement to appoint Multimax as the debt resolution agency
6. Portfolio evaluation by Multimax - Ageing, Ticket size, Nature, Geographical Distribution, Documentation merits,Litigation options
7. Delegation - Power of Attorney
8. Focal Co-ordinator (Portfolio Manager)
9. Assignment of cases
Multimax Overdues Legal Solutions Pvt. Ltd. 605, Sixth Floor, Laxmideep Building, Laxmi Nagar District Centre, Delhi-110092 (India)