Have you ever imagined a company taking care of your bad debt recoveries & litigation, while you devote your time, energy & effort towards your bank’s financial growth?
An Insight into The Banking Sector of Pakistan:
Banks and financial institutions being financial intermediaries have gone through an evolutionary time period over a couple of decades. Especially in Pakistan, this evolution has had its peak in the last decade where the banks and financial institutions have been successful in spreading out their money into the market in the form of loans, leases and other ancillary financial services. This led them to being deprived of their own money which had become hard to recover from the debtors even after adopting many procedures and taking different measures. These millions and even billions of rupees affected the banking services enormously and hence put a full stop to deliberate increase in banking capital, alternating their ways toward recoveries.
Litigation Modality of Banks:
Generally Banks employ two methods for litigation purposes:
The services of in-house permanent legal department, and/or
Banks Outsource litigation to lawyers or firms
The former is subject to monthly salaries while the latter to case-to-case based fees.
In either of the case, lawyers prefer to institute a Recovery Suit, which ultimately becomes the part of courts’ procedural culture. By that time lawyers themselves and Banks involved lose interest in recovery; its fate becomes a dream to be realized after an infinite span of time as it has to be decreed and executed or auctioned afterwards.
Weak Link in Banking Litigation:
For lodging application for an FIR, the Bank has to manage this through its legal department which by itself is not experienced enough to deal with the POLICE, FIA and NAB etc. Likewise for mediation and conciliation for Settlements with the defaulter, the Bank does not have the required expertise. The desired result is not achieved in a reasonable time frame because different teams are working in different domains and at multiple levels How We are Different? Our Approach & Objectives: Solution Seekers Pakistan is a unique Company in this aspect. Our approach and objectives are well defined. SS Pakistan provides one-stop multi-dimensional solutions to all your problems by aiming at result oriented litigation and guaranteed results within minimum possible time.
We have specialized expertise in manipulating manpower to get your desired work done by approaching concerned departments and law enforcement agencies under the guidance, legal assistance and direction of our expert teams of:
Keeping in view the above mentioned facts, in addressing and delivering Banking Litigation Requirements, SS Pakistan has developed a Forensic Audit Department where our expert Lawyers, Former Police Officers, Ex-Government and Judicial Officials work out a detailed ‘Action Plan’ for individual cases on the following parameters: