PKA assists and advises the clients on the formation and management of the ARCs. It carries out due diligence of NPAs on behalf of various banks, FIs and ARCs, assists in the formation of special purpose vehicles and procedural compliance under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI).
The Firm has played a pivotal role in development of securitization law and is regularly ranked among the nation’s leading securitization law firms. The Firm can boast of some path breaking work which involved challenging the validity of the SARFAESI Act and thereafter litigating on some crucial features of the SARFAESI Act before the Supreme Court and High Courts. The Firm represents clients before the Debt Recovery Tribunal, Debt Recovery Appellate Tribunal and the Chief Metropolitan Magistrate for enforcement of their rights as secured creditors.