Legal Support - Elixir Strategic Management
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Asset Valuation & Auction Management

Services

After taking possession, the next step under SARFAESI is to recover dues through the sale of the secured asset. Elixir arranges certified valuers to assess the fair market value (FMV), reserve price, and distress price of the asset. It then helps banks publish Sale/Auction Notices under Rule 8(6) of the SARFAESI Rules, mentioning auction date, terms of sale, EMD, reserve price, and bidding rules. Elixir can manage both physical and e-auction platforms and support end-to-end sale execution — from bidder registration and KYC to issuing Sale Certificates. Careful handling ensures the sale is not later challenged on procedural or valuation grounds, thereby maximizing recovery and compliance.

  • Engage certified valuers for accurate asset valuation.
  • Determine fair market value and reserve price.
  • Draft and publish auction/sale notices per SARFAESI Rules.
  • Manage online and physical auctions seamlessly.
  • Facilitate bidder verification and documentation.
  • Provide auction venue coordination and platform setup.
  • Collect EMD and handle refunds to unsuccessful bidders.
  • Finalize sale certificate and deed transfer documentation.
  • Ensure auction compliance with RBI and SARFAESI norms.
  • Minimize legal risks by managing objections and disclosures.