A highly intensive, interactive and one to one workshop (only 10 participants per workshop) aims to equip and empower asset owners on the complete gamut of procedures followed by Banks and Financial Institutions for auction of assets and how to save their assets and make best out of it.
Participants will be able to understand the laws, procedures, rules and regulations relating to auction of assets by banks and FIs.
Participants will be able to read the fine print, understand the process being followed by the banks and take appropriate steps to safe guard your interests.
The Participants will be able to have a good idea of legal options, legal forums and options they have before them when Bank goes in for auction of assets.
Participants will be able to analyze the risks and the Returns associated with the auctions.
Workshop Procedure
The work shop is in totally interactive, non legal and is in simple language.
You need not have any legal background
You need not have attended any prior auction proceedings.
Highly intensive, work shop –individual attention to every participant
Workshop Schedule
9 am to 9.30 am – Registration, Welcome Drink and introduction.
9.30 to 11.00 am - Session 1 11.00 am to 11.15 am : Break for Tea and Q & A
11.15 am to 1.00 PM - Session 2 01.00 PM to 1.30 PM break for lunch
01.30 PM to 3.00 PM - Session 3 3.00 PM to 3.15 tea break and Q&A
3.15 to 5.00 PM - Session No. 4 5.00 PM to 6.00 PM - Session No. 5
Sessions and Course
Session 1
All about the Acts, Rules, Regulations, Judgments and just about every thing and anything applicable to Auction of Assets by
i) Banks and Financial Institutions
ii) Debts Recovery Tribunals
iii) State Financial Corporations
iv) Official Liquidators
How to identify assets that meet our requirements
How to read and understand the fine print in the Proclamation for Sales and advertisement for Sales.
Site Inspection and property assessment
Session 2
How to deal with Contact officer, Authorized officer, Court Auctioneer, Advocate Auctioneers, Official Liquidator, Sale Committee.
How to participate in Auctions being conducted by
1) Banks and Financial Institutions
2) Debts Recovery Tribunals
3) State Financial Corporations
4) Official Liquidators
How to read and understand the Proclamation for sales and all about Advertisements for Sale of Assets
Session 3
How to conduct legal due-diligence and evaluate the risk factors.
Court inspection and inspection of Court documents.
Checking of other documents before participating in the Auctions
Legal Implication of ‘As is where is basis’ and “As is where is and what ever there is basis”
Inter see bidding
Vested rights of auction purchaser.
Right of auction purchaser to be heard in all subsequent disputes between the asset owner and the secured creditor.
Compensation for Auction purchaser in case of failure to get properties and how to enforce it.
Implications for successful Auction purchaser and unsuccessful auction purchaser.
Costs and amounts to be paid by successful auction purchaser
Options for unsuccessful auction purchasers
Session 4
Risk Factors of Asset Owners stalling auctions
Risk Factors of 3rd party intervention and stalling auctions
Risk Factors of other interveners stalling auctions
Risk Factors of Crown Debts (Government claims) on the asset like Income Tax, Sales Tax, Property tax, Octori etc etc.
Risk Factors of claims of other quasi Government etc. claimants like Labor, Provident Fund, etc 3rd party to intervention and stalling auctions
Risk Factor of claims of service providers like Telephone, Water, etc.
Private Sale by banks - how risky is it.
Understanding Easement claims against the auctioned property
Session 5
Q& A and doubt clearing session
Who should attend?
Recovery Agents
Officers in charge of Auction
Asset Consultants/ Advisors
Asset Aggregators
Property Agents
M&A advisors
Investors
Any one interested in buying
Fee
Rs. 5000/- per participant (inclusive of lunch, tea, snacks, pick up and drop to Metro station and hand outs)
25% discount on the fee if fee paid before 45 days of workshop
15% discount on the fee if fee paid before 30 days of workshop
[Service Tax @ 12.5% extra over the fees payable]
Book early to avoid disappointment – only 10 participants per work shop allowed.
Cancellation Policy
Full refund if cancelled 45 days before the work shop date
75% refund if cancelled 30 before the workshop date
50% refund if cancelled 25 before the workshop date
25% refund if cancelled 20 days before the workshop date
No refund is possible if cancelled less than 20 days before the date of workshop.
Cancellation requests should be made by email only and date and time logged in the email will be the date and time of receipt of cancellation requests.
Lodging & Boarding assistance provided to outstation participants as per their requests, for which necessary payments will be extra.
Force Majure
BankDRT reserves to itself the right to change the course content of the workshop, its scheduling, arrangement etc. without assigning any reasons.
BankDRT reserves to itself the right to change the date of workshop and/or cancel it without assigning any reason.
In the event of change of date of workshop and/or its cancellation, you shall have the option to either seek full refund of the fees paid or seek your adjustment to some other convenient date. No other claims, damages etc. will be allowed under any circumstances
Dates of work shop
The next work shop for Auction Participants will be held on 16.09.2012. For any other date, please revert back to us. Maximum 10 participants per workshop will be admitted.
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In case, you need lodging/bording please indicate the details
The above booking is valid subject to receipt of payment.
How to make payment
To avoid phising, BankDRT does not accept payments through credit cards.
(1) Through NEFT (National Electronic Fund Transfer) mode from any bank any branch : IFSC Code: CORP0002134 Account No.: 510101003708976 Account Name: BankDRT Informatic Services. Branch Name: Corporation Bank, Patpargunj (I.P. Extension), Delhi-92
(2) Through ABB transaction: Payment can be made in cash at any Branch of the Corporation Bank to current A/c No. 510101003708976 favoring BankDRT Informatic Services, Branch code 2134 Corporation Bank, Patpargunj (I.P. Extension) Branch, Delhi-110092.
(3) 'Demand Draft' drawn in favour of BankDRT Informatic Services payable at New Delhi can also be sent to us.
:: NB :: For further details/ inquiry regarding workshop, please contact on +91-011-43570137, 22247128
