One Stop Banking Solutions

Pioneer in SARFAESI
Enforcement & Recovery

A group of highly qualified professionals delivering complete corporate solutions to Banks, NBFCs, HFCs, and ARCs across India — with utmost confidence, trust, and international standards.

⚖️  Our sister concern Finnreco Legal Associates LLP — a full-service law firm dealing exclusively in Business Legal (Title Report / Conveyance) & Litigation (DRT / NCLT / DRAT / High Court / RERA / Civil Court)Know More →
2017
Incorporated
25+
Bank Panels
8
Branch Offices
25 Yrs
Top Expert Experience
State Bank of IndiaCentral Bank of IndiaBank of IndiaCanara BankKotak Mahindra BankYes BankLIC Housing FinancePhoenix ARCIDFC First BankFederal BankCity Union BankAxis Finance LimitedSMFG IndiaWest End Housing FinanceECL FinanceState Bank of IndiaCentral Bank of IndiaBank of IndiaCanara BankKotak Mahindra BankYes BankLIC Housing FinancePhoenix ARCIDFC First BankFederal BankCity Union BankAxis Finance LimitedSMFG IndiaWest End Housing FinanceECL Finance
About Us

Who We Are

FINNRECO Corporate Solutions Pvt. Ltd. was incorporated on 18th October 2017. We are a group of professionals engaged as Consultants, Banking Solutions, and a Pioneer in SARFAESI process-related services to Banks, FIs, NBFCs, HFCs, and ARCs.

Our organization is managed by experts — MBAs, Chartered Accountants, Advocates, Company Secretaries, and Financial Experts — providing a complete range of services to the entire corporate arena across India.

FINNRECO has presence in all major cities of Gujarat — including Ahmedabad, Surat, Vadodara, Rajkot, Jamnagar, Bhavnagar, Gandhidham, and Godhra — and also caters services in Mumbai, Indore, and Jaipur.

🎯
Our Aims
To recover Bad Debts quickly, minimise client losses professionally and ethically. Full debt collection is always our primary goal.
⏱️
On Time
We believe in the values of time and money. Our experienced resources promise a high return in a short period.
📊
Reporting
Communication is key. Clients are kept informed and updated about the status of their cases at all times.
🛡️
Compliance
All services delivered per RBI guidelines, SARFAESI Act, 2002, and all applicable Indian laws.

“FINNRECO’s Motto is to trim the NPAs from the banking sector and make its impression in the country’s economic growth — with utmost confidence, trust, and international standards.”

  • CIN U74999GJ2017PTC099539
  • GST 24AADCF2268D1Z0
  • PAN AADCF2268D
  • UDYAM UDYAM-GJ-22-0089622
  • Type Micro Enterprise — Services (MSME)
  • HQ C-1 to 4, 3rd & 4th Floor, N.B. Point, Nana Varachha, Surat – 395006
  • Email finnreco@gmail.com
  • Phone 0261-2572829  |  99787 85853  |  96012 92636
Vision & Mission

What We Stand For

Our purpose: build trust through transparency, deliver results through expertise, and grow through ethical practice.

01
🏦

Trim NPAs from Banking

Our core mission is to reduce Non-Performing Assets in the banking sector, contributing meaningfully to India's economic growth and financial stability.

02
🌐

International Standards

We deliver all services to the highest international standards with utmost confidence, trust, and transparency at every step.

03
🏛️

One Roof Solutions

By bringing expertise from across India under one roof, we provide a seamless, cost-effective service package to Banks, NBFCs, HFCs, and ARCs.

04
📈

Highest Recovery Rate

We promise the highest recovery rate through amicable solutions and comparatively low costs, enhancing profitability for our clients.

05
⚖️

Ethics & Integrity

We strictly adhere to RBI guidelines, SARFAESI Act compliance and the highest industry codes of best practice. Only legally permissible, highly professional methods — supported by a Data Privacy framework and a Customer Respect policy.

06
🤝

Long-Term Partnership

We build lasting relationships with our client institutions, growing together for a bright and profitable future.

What We Do

Professional Services Offered

Comprehensive SARFAESI enforcement and banking recovery services — all under one roof, at competitive fees, in strict compliance with Indian law.

SERVICE 01
🏗️

Enforcement Services under SARFAESI

Full-spectrum SARFAESI Act 2002 enforcement for Banks, FIs, NBFCs, HFCs, and ARCs — from notice issuance through physical possession to sale and documentation.

  • Drafting & issuance of Sec. 13(2) Notices — Service / Paper Publications / Affixation
  • Assisting Authorised Officer in Sec. 13(4) Possession — Service / Paper Publications / Affixation
  • Filing of Section 14 Application in DM / CMM / CJM
  • Physical Possession — Court Commissioner, Police Protection, Videography, Photography, Lock & Sealing, Security Guards
  • Sale of Property — Sale Notice, Publication, Arranging Bidders, through to Sale Certificate in favour of Buyer
SERVICE 02
🔍

Skip Tracing & Searching of Personal Assets

Locate absconding borrowers, guarantors, and their assets across Gujarat, Maharashtra, Rajasthan, and Madhya Pradesh.

  • Locate borrowers / guarantors who have vacated known addresses
  • Trace uncharged properties of borrowers / guarantors
  • Provide verified location reports for legal proceedings
  • Coordinate with revenue and local government authorities
SERVICE 03
💰

OTS Facilitation & Settlement of NPA Accounts

Facilitate One Time Settlement negotiations between banks and borrowers for faster, cost-effective resolution of NPA accounts.

  • Meeting borrowers for counselling and amicable settlement
  • Structuring compromise proposals within bank guidelines
  • Representing bank position in OTS negotiations
  • Documentation and closure of compromise accounts
SERVICE 04
⚖️

Legal Litigation

Comprehensive litigation support through our sister concern Finnreco Legal Associates LLP — representing Banks, FIs, NBFCs, HFCs, and ARCs before all courts.

  • Filing of Original Application (OA) before Debt Recovery Tribunal (DRT)
  • Defending in Security Application (SA) before DRT
  • Filing of Civil Suits for Recovery before Civil Courts
  • Filing of Execution Petitions for decree enforcement
SERVICE 05
🔐

Comprehensive Custodianship

Secure custodianship of physical assets and properties acquired through SARFAESI enforcement — maintaining safety, security, and legal compliance.

  • Secure custody of movable and immovable assets post-possession
  • Physical security arrangement — guards, surveillance, lock & sealing
  • Periodic condition monitoring and status reporting
  • Insurance coordination and asset preservation
  • Handover documentation upon sale / auction
SERVICE 06
🔎

Acquisition & Resolution Due Diligence

Meticulous legal, financial, and operational due diligence for asset resolution and portfolio evaluation prior to acquisition by Asset Reconstruction Companies (ARCs).

  • Legal due diligence — title verification, encumbrance check, litigation history
  • Financial due diligence — loan documentation, security package assessment
  • Operational due diligence — borrower profile, recovery prospects
  • Portfolio evaluation and risk scoring for ARC acquisition
  • Comprehensive due diligence report with actionable insights
SERVICE 07
📏

Valuation Coordination

Facilitating and coordinating expert, independent asset valuations to ensure accurate and transparent property values — essential for auction, OTS, and enforcement proceedings.

  • Empanelled independent valuers for immovable properties
  • Coordination with IBBI-registered valuers for IBC matters
  • Fair market value & forced sale value assessment
  • Second opinion valuations for dispute resolution
  • Comprehensive valuation reports with photographs and comparables

❖ Empanelled With Leading Banks & Financial Institutions

Central Bank of IndiaBank of IndiaState Bank of IndiaCanara BankIndian BankKotak Mahindra BankFederal Bank Ltd.IDFC First BankYes Bank Ltd.Tata Capital Housing FinanceLIC Housing Finance Ltd.Home First Finance India Ltd.Phoenix ARCSMFG India Home FinanceWest End Housing Finance Ltd.Arcil (Asset Reconstruction Co.)Encore ARCCity Union BankCFM Asset Reconstruction Pvt. Ltd.Edelweiss Asset Reconstruction Co. Ltd.Omkara Assets Reconstruction Pvt. Ltd.Axis Finance LimitedECL Finance LimitedMAS Financial Services Limited
Key Persons

Our Expert Team

Experienced advocates and specialists leading FINNRECO’s enforcement, recovery, and legal practice across India.

NP
Nitin Panchal
Advocate — Partner
B.Com, LLB
25 years of experience in Recovery & SARFAESI related matters. Enrolled with Bar Council of Gujarat since 2000.
MB
Mehul M. Bhatt
Advocate — Director / Partner
B.Com, LLB
15 years of experience in Civil, Criminal, Recovery & SARFAESI matters. Enrolled with Bar Council of Gujarat.
HM
Haresh Moradiya
Advocate — Director / Partner
B.Com, LLB
15 years of experience in Recovery & SARFAESI related matters. Enrolled with Bar Council of Gujarat.
Our Team

Team Officers

Meet the 17 dedicated officers driving FINNRECO’s SARFAESI enforcement, recovery, and legal practice across Gujarat, Madhya Pradesh & Rajasthan.

MS
Maheshbhai Shah
B.Com
30 yrs Recovery · 23 yrs SARFAESIRecovery, SARFAESI & Section 14
NR
Neha Rawat📍 Indore
B.Com LLB
13 yrsCriminal, Civil & SARFAESI
DS
Dhaval Sakariya
B.Com LLB
8 yrsCivil & Revenue
NJ
Nilesh Jain📍 Indore
B.Com LLB
8 yrsCivil & SARFAESI
KP
Krishna Sakhiya
B.Com LLB
7 yrsRevenue & Property Title
HN
Harsh Navadiya
B.Com
7 yrsEnforcement Services
SC
Shreya Chaturvedi📍 Indore
B.Com LLB
6 yrsEnforcement & SARFAESI
SP
Smit Patel
B.Com LLB
5 yrsRecovery
MV
Mehul Varsani
B.Com LLB
5 yrsRecovery
JP
Janvi Pavasiya
B.Com LLB
5 yrsSARFAESI
SJ
Shubham Joshi
B.Com LLB
5 yrsCivil, Consumer & NI Act
NG
Nilesh Gupta
B.Com LLB
5 yrsSARFAESI
CR
Chirag Raiyani
B.Com LLB
5 yrsRevenue & Property Title
MG
Milan Gadhiya
B.Com LLB
4 yrsRecovery
DS
Dharmik Sakhiya
B.Com LLB
4 yrsRecovery
MR
Mital Raiyani
B.Com LLB
4 yrsRecovery
DT
Dushyant Trivedi
B.Com
3 yrsEnforcement Services
Our Network

Branch Offices

FINNRECO operates across all major cities of Gujarat — Surat, Ahmedabad, Vadodara, Rajkot, Jamnagar, Bhavnagar, Gandhidham, and Godhra — with extended presence in Mumbai, Indore, and Jaipur.

🏢
Surat
Registered Office
C-1 to 4, 3rd & 4th Floor, N.B. Point, Nana Varachha, Near Silver Point, Surat – 395006
🗺️ Hover to preview · Click for full map
🏙️
Ahmedabad
Corporate Office
B-903, Atma House, Near Times of India, Opp. Old RBI, Ashram Road, Ahmedabad – 380009
🗺️ Hover to preview · Click for full map
🏗️
Vadodara
Branch Office
201/B, Silver Point Complex, Beside Express Hotel Lane, Above Mahesh Light, Alkapuri – 390007
🗺️ Hover to preview · Click for full map
🏛️
Rajkot
Branch Office
The Spire-2, Office No. 625, 6th Floor, Shital Park Chowk, 150 Fts., Ring Road, Rajkot – 5
🗺️ Hover to preview · Click for full map
🏠
Jamnagar
Branch Office
301, Elite Luxuria, Nr. Under Bridge, Opp. Blue Heights, Samarpan Circle, Jamnagar – 361006
🗺️ Hover to preview · Click for full map
🏬
Bhavnagar
Branch Office
Plot No. 29/A-1, Dharmaraj Society, Subhash Nagar, Bhavnagar – 364001
🗺️ Hover to preview · Click for full map
🏢
Indore
Branch Office
Plot No. 89-C, 2nd Floor, Scheme No. 136, Near Brilliant Aura, Vijay Nagar, Indore – 452010, Madhya Pradesh
🗺️ Hover to preview · Click for full map
🏛️
Jaipur
Branch Office
Jaipur, Rajasthan
🗺️ Hover to preview · Click for full map
Reference Library

Banking Laws

Key statutes governing enforcement, recovery, and insolvency in India — for reference by our clients, partner banks, and financial institutions.

🏛️
SARFAESI Act, 2002
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act

Empowers banks and financial institutions to enforce security interest without court intervention for recovery of NPAs. The primary statute under which FINNRECO operates.

  • Sec. 13(2) — Demand Notice to Borrower
  • Sec. 13(4) — Taking Possession of Secured Asset
  • Sec. 14 — District Magistrate / CMM Assistance
  • Sec. 17 — Borrower's Right to Appeal before DRT
  • Sec. 13(8) — Tender of Dues before Sale
  • Sec. 26E — Priority of Secured Creditors
📥 Download Full Act
📋
Security Interest (Enforcement) Rules, 2002
Procedure & Formats for SARFAESI Enforcement

Prescribes detailed procedure, timelines, and formats for Authorised Officers and Enforcement Agents under the SARFAESI Act.

  • Rule 3 — Notice of Demand (Form I)
  • Rule 4 — Taking Possession (Form II / III)
  • Rule 6 — Sale by Public Auction / Tender / Private Treaty
  • Rule 8 — Sale Notice (Form VI / VIII / IX)
  • Rule 9 — Sale Certificate (Form X)
  • Rule 11 — Application to DM / CMM u/s 14
⚖️
Recovery of Debts and Bankruptcy Act, 1993
RDB Act — Debt Recovery Tribunals

Establishes Debt Recovery Tribunals (DRTs) and Debt Recovery Appellate Tribunals (DRATs) for expeditious adjudication and recovery of bank debts.

  • Sec. 17 — Jurisdiction of DRT (OA Filing)
  • Sec. 18 — Bar of Jurisdiction of Civil Courts
  • Sec. 19 — Application for Recovery (OA)
  • Sec. 20 — Appeal to DRAT (SA / Appeal)
  • Sec. 22 — Procedure of Tribunal
  • Sec. 25 — Recovery Officer — Certificate of Recovery
📥 Download Full Act
🔄
Insolvency and Bankruptcy Code, 2016
IBC — Corporate Insolvency Resolution Process

Consolidates laws on insolvency and bankruptcy of companies, partnerships, and individuals. Time-bound resolution before NCLT and NCLAT.

  • Sec. 7 — CIRP by Financial Creditor before NCLT
  • Sec. 9 — CIRP by Operational Creditor
  • Sec. 14 — Moratorium on all proceedings
  • Sec. 30/31 — Resolution Plan approval by NCLT
  • Sec. 33 — Liquidation Order
  • Sec. 61 — Appeal to NCLAT
📥 Download Full Act
Join Our Team

Opportunities & Internship

We believe in nurturing the next generation of industry leaders. We invite ambitious students and young professionals seeking hands-on industry exposure to explore Internship & Career Opportunities with our team.

🎓

Internship Opportunities

Live exposure to SARFAESI enforcement, DRT proceedings, drafting practice, and banking recovery workflows — alongside experienced advocates and industry veterans across our Gujarat, Mumbai, Indore & Jaipur offices.

  • Ideal For: Law students (3rd/4th/5th year LLB), Company Secretary interns, CA articles, MBA (Finance/Banking) students
  • Duration: Minimum 1 month, extendable
  • Locations: Surat · Ahmedabad · Vadodara · Rajkot · Jamnagar · Bhavnagar · Mumbai
  • Learning Areas: SARFAESI Act, DRT/NCLT practice, Legal drafting, Client servicing, Case management
💼

Career Opportunities

Build a rewarding career with a leading name in SARFAESI enforcement and NPA recovery. We periodically hire advocates, paralegals, recovery officers, and support staff.

  • Positions: Junior Advocates, Legal Associates, Recovery Officers, Skip Tracers, Office Administrators
  • Qualifications: LLB / CS / MBA / B.Com — freshers & experienced both welcome
  • Growth: Structured mentoring, DRA certification support, empanelment exposure
📧 Send Your CV / Resume / Biodata

Please email your CV / Resume / Biodata along with a brief cover note to:

✉️ finnreco@gmail.com

ℹ️ Kindly attach your CV as PDF or Word document. Mention your preferred location, area of interest (SARFAESI / DRT / Legal Drafting / Recovery), and availability duration in the email body. Our team will respond within 3–5 working days for shortlisted candidates.

Get in Touch

Contact Us

Submit your requirement and our team will get back to you promptly. We are available across Gujarat, Mumbai, Indore, and Jaipur.

Reach Us Directly

📍
Corporate OfficeB-903, Atma House, Opp. Old RBI, Ashram Road, Ahmedabad – 380009
🏢
Registered OfficeC-1 to 4, 3rd & 4th Floor, N.B. Point, Nana Varachha, Surat – 395006
📞
Phone0261-2572829  |  +91 99787 85853  |  +91 96012 92636  |  +91 98254 38897
✉️
Emailfinnreco@gmail.com
🌐
NetworkAhmedabad · Surat · Vadodara · Rajkot · Jamnagar · Bhavnagar · Gandhidham · Godhra · Indore · Jaipur
Submit Your Requirement
✅ Thank you! Your requirement has been received. Our team will contact you within 24 hours.
⚠️ Something went wrong. Please email finnreco@gmail.com or call 99787 85853.
⚖️
Recent Judgements
SARFAESI · IBC · DRT/RDB · Click to Read
SARFAESI
Celir LLP v. Bafna Motors - Auction Purchaser Rights Protected, Third Party Challenge Not Maintainable
Supreme Court | 2023
SARFAESI
Section 14 Application - DM/CMM Must Pass Order Within 30 Days, No Adjudication Required
Supreme Court | 2023
SARFAESI
Borrower Cannot Get Unconditional Stay After Depositing 50% - DRT Power Limited
Supreme Court | 2024
SARFAESI
Symbolic Possession Rule 4 Must Strictly Comply - Defective Notice Invalidates Enforcement
Bombay HC | 2024
SARFAESI
Sale Notice Rule 8(6) - Mandatory 30 Days Gap Between Publication and Auction
Gujarat HC | 2024
SARFAESI
Sec. 13(2) Demand Notice - Borrower Must Get Full 60 Days Before Possession Action
Supreme Court | 2023
IBC
Vidarbha Industries v. Axis Bank - CIRP Admission is Discretionary, NCLT Not Bound
Supreme Court | 2022
IBC
IBC Moratorium Sec.14 Does Not Automatically Bar SARFAESI by Secured Creditor
Supreme Court | 2023
IBC
Personal Guarantor - Corporate Moratorium Cannot Be Shield Under IBC Sec. 60
Supreme Court | 2023
IBC
Clean Slate Doctrine - Resolution Applicant Not Liable for Past Dues of Corporate Debtor
Supreme Court | 2021
DRT/RDB
DRT Has Exclusive Jurisdiction Even When Winding-Up Petition Pending Before High Court
Supreme Court | 2022
DRT/RDB
Recovery Certificate by DRT - Execution by Recovery Officer Without Fresh Civil Suit
Delhi HC | 2023
SARFAESI
Balkrishna Rama Tarle v. Phoenix ARC - Sec. 14 is a Ministerial Act; CMM/DM Cannot Impose Extra Conditions
Supreme Court | 2022
SARFAESI
Kotak Mahindra Bank v. Girnar Corrugators - SARFAESI Recovery Prevails Over MSMED Act Dues
Supreme Court | 2023
IBC
Paschimanchal Vidyut Vitran Nigam v. Raman Ispat - Sec. 53 Waterfall Ranks Govt Dues Below Secured Creditors
Supreme Court | 2023
SARFAESI
Celir LLP v. Bafna Motors - Auction Purchaser Rights Protected, Third Party Challenge Not Maintainable
Supreme Court | 2023
SARFAESI
Section 14 Application - DM/CMM Must Pass Order Within 30 Days, No Adjudication Required
Supreme Court | 2023
SARFAESI
Borrower Cannot Get Unconditional Stay After Depositing 50% - DRT Power Limited
Supreme Court | 2024
SARFAESI
Symbolic Possession Rule 4 Must Strictly Comply - Defective Notice Invalidates Enforcement
Bombay HC | 2024
SARFAESI
Sale Notice Rule 8(6) - Mandatory 30 Days Gap Between Publication and Auction
Gujarat HC | 2024
SARFAESI
Sec. 13(2) Demand Notice - Borrower Must Get Full 60 Days Before Possession Action
Supreme Court | 2023
IBC
Vidarbha Industries v. Axis Bank - CIRP Admission is Discretionary, NCLT Not Bound
Supreme Court | 2022
IBC
IBC Moratorium Sec.14 Does Not Automatically Bar SARFAESI by Secured Creditor
Supreme Court | 2023
IBC
Personal Guarantor - Corporate Moratorium Cannot Be Shield Under IBC Sec. 60
Supreme Court | 2023
IBC
Clean Slate Doctrine - Resolution Applicant Not Liable for Past Dues of Corporate Debtor
Supreme Court | 2021
DRT/RDB
DRT Has Exclusive Jurisdiction Even When Winding-Up Petition Pending Before High Court
Supreme Court | 2022
DRT/RDB
Recovery Certificate by DRT - Execution by Recovery Officer Without Fresh Civil Suit
Delhi HC | 2023
SARFAESI
Balkrishna Rama Tarle v. Phoenix ARC - Sec. 14 is a Ministerial Act; CMM/DM Cannot Impose Extra Conditions
Supreme Court | 2022
SARFAESI
Kotak Mahindra Bank v. Girnar Corrugators - SARFAESI Recovery Prevails Over MSMED Act Dues
Supreme Court | 2023
IBC
Paschimanchal Vidyut Vitran Nigam v. Raman Ispat - Sec. 53 Waterfall Ranks Govt Dues Below Secured Creditors
Supreme Court | 2023
Source: Supreme Court of India · IBBI · India Code
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Branch Location Map