IFCI employs focused, multi–pronged strategies to recover its dues from Non Performing Assets. The strategies employed by IFCI are enumerated as below:
- Enforcement of security interest in accordance with the provisions of SARFAESI Act.
- Taking Legal Recourse ⁄ recovery measures under statutory provisions including filing of Original Application before the DRT and filing of petition for winding up of a company before the High Court.
- Settlement of dues payable by borrower(s) ⁄ co-obligant.
The above strategies are employed in conjunction to augment our capacity to ensure maximum recovery of public money.