The full legal toolkit, run as workflow — not a lawyer’s drawer.
When collection becomes recovery, every instrument has its own law, timeline and paperwork. Fingrid runs them all as governed workflows — pre-legal notice to SARFAESI to repossession to settlement — with cases, counsel, costs and outcomes tracked on the system of record.
One module, every remedy
Pre-legal notices
Demand and recall notices generated from account data, dispatched and acknowledged on record.
Section 138 proceedings
Cheque-bounce cases with the statutory notice timelines the law enforces — tracked so deadlines are never missed.
SARFAESI action
Demand notice, possession and auction stages for eligible secured assets, with the procedural record each stage requires.
Civil suits & arbitration
Recovery suits and arbitration proceedings tracked through hearings, orders and awards.
Lok Adalat
Settlement through Lok Adalat with pre-litigation referral and award capture.
Repossession
Asset repossession with authorisations, inventory documentation and custody chain — done by the book.
OTS & settlement
One-time settlements from proposal to approval matrix to sacrifice accounting.
Counsel & costs
Advocates and agencies empanelled, cases assigned, legal costs tracked per case and recovered where awarded.
Why legal belongs on the lending system
- Legal action starts from live account data — no re-typing outstanding amounts into notices
- Statutory timelines tracked by the system; a missed limitation date is a lost case
- Recovery outcomes post back to the loan account and GL — including OTS sacrifice and write-off recovery accounting
- One case history across collection attempts, legal action and settlement — audit-ready always
See it on your own book.
A working demo on your products, your hierarchy and your workflows — not a slide deck.