IFCI Limited — Senior Associate (Law) on Contract: Eligibility, NPA recovery expertise, role scope, and how to apply

Table of Contents

• Post snapshot
• Essential eligibility
• Role and responsibilities
• Preferred background
• Tenure, remuneration, and reporting
• How to apply

IFCI Limited (Government of India Undertaking) is inviting applications for one position of Senior Associate (Law) on a contractual basis, with an upper age limit of 35 years and a strong emphasis on NPA recovery, SARFAESI/IBC litigation, and security‑document diligence. Applications must be emailed in the prescribed format to the notified address by 9 October 2025.

Post snapshot

• Post: Senior Associate (Law) — Contract engagement
• Vacancies: 01 (as per current listing; earlier drives showed category‑wise positions)
• Upper age limit: 35 years on the specified cut‑off date
• Engagement: Contract, initially up to 3 years, extendable based on performance and organizational requirements

Essential eligibility

• Education: LL.B./LL.M. from a recognized University.
• Experience: Minimum 6 years’ post‑qualification relevant experience, especially in recovery of NPAs for FIs/NBFCs/PSUs/PSBs/Government organizations/ARCs.
• Statute and forum expertise:
  • Insolvency and Bankruptcy Code (IBC), SARFAESI, Negotiable Instruments Act, and corporate/commercial legislations.
  • Hands‑on experience across DRT, Civil/Criminal courts, NCLT/NCLAT; arbitration proceedings.
• Diligence and documentation:
  • Title due diligence; deep understanding of financing and security documents for project and corporate loans.
  • Drafting/vetting petitions, applications, and appeals; filing claims before IRP/RP/Liquidators.

Role and responsibilities

• Recovery and enforcement:
  • Drive NPA recoveries using SARFAESI (Sections 13(2), 13(4)), DRT actions, and IBC remedies; manage pleadings, evidence, and representation strategy with external counsel.
• Insolvency process management:
  • Prepare and lodge claims; track CoC processes; assess resolution plans; coordinate with IRP/RP; pursue avoidance applications and realization strategies.
• Litigation portfolio oversight:
  • Manage dockets across NCLT/NCLAT/DRT/civil and criminal courts; ensure limitation compliance, interim reliefs, and execution; prepare status MIS for management.
• Transaction documentation:
  • Vet loan/security documentation (hypothecation, mortgage, pledge, guarantees); validate CP/CS compliance; oversee perfection and registration; support restructuring/OTS.
• Due diligence and advisory:
  • Conduct title and legal due diligence on borrowers/projects/promoters; advise on risk allocation, covenants, and enforcement readiness.

Preferred background

• Prior work in Financial Institutions/NBFCs/PSUs/PSBs/ARCs; demonstrated outcomes in high‑value recoveries and resolution processes.
• Strong drafting skills; proficiency in MS Office and legal research; ability to coordinate multi‑party litigation and adhere to aggressive timelines.

Tenure, remuneration, and reporting

• Tenure: Contract up to three years; renewal subject to performance and project pipeline.
• Reporting: To designated functional head(s) in legal/recovery verticals; cross‑functional engagement with credit, risk, and operations teams.

How to apply

• Mode: Email the prescribed application form and resume/biodata to the notified recruitment email address on or before 09 October 2025; mention the post title in the subject line.
• Documentation: Proof of qualification (LL.B./LL.M.), experience certificates highlighting NPA recovery/IBC/SARFAESI/DRT/NCLT exposure, bar enrollment (if applicable), ID/age proof, and category certificate (if applicable).
• Screening: Shortlisting based on eligibility and experience; interaction/assessment rounds as decided; final engagement subject to document verification.

Official Notification: https://www.ifciltd.com/2025/Detailed_Advertisement_no_3_FY_25-26.pdf

Keywords: IFCI legal recruitment, Senior Associate Law, NPA recovery jobs, SARFAESI enforcement, IBC litigation, DRT and NCLT proceedings, title due diligence, security documents vetting, claims before IRP/RP, PSU/NBFC legal vacancy, apply by 9 October 2025.