Vinay Chitale
Mumbai
Summary
Qualified Company Secretary and LLB with 9+ years managing compliance litigation, statutory reporting, and dispute resolution. Oversee debt recovery, contract drafting, and audit activities to support regulatory adherence and risk control.
Overview
12
12
years of post-secondary education
10
10
years of professional experience
Work History
Associate Vice President, Legal Recovery
HSBC Bank
Mumbai
2025.05 - Current
- Revocery Litigation - Initiation and monitoring of SARFAESI action with sharp focus on compliance and recovery.
- Policy and Process - Review of RBI Circulars, policy ammendments basis business requirements, annual review and ammendment of Legal process note.
- Litigation - Management of cases filed before DRT.
- IBC - Filing of claims with RP and attending COCs.
- effective implementation of Pre litigation legal tools - Notices, Lok Adalats for unsecured products.
- Monitoring of cases of civil nature filed against the recovery proceedings of the bank.
- Assistance in quality control internal process Audits.
Regional Legal Manager
ICICI Home Finance Company Limited
Mumbai
2024.04 - 2025.03
- Management of end-to-end SARFAESI Act 2002 process for maximasing recovery of NPA Accounts.
- Handled litigation matters in DRT, NCLT and appellate courts, and assisted with settlement discussions with opposing counsel when suitable.
- Coordinated case strategy discussions and organized meetings with attorneys and stakeholders.
- Effective handling of police related matters, FIRs, Fraud Investigations and other criminal complaints.
- Colaboration with panel enforcement agencies, administrative authorities, law firms and internal stake holders for reasult oriented recovery procedure.
Legal Manager
JM Financial Home Loans Limited
2020.07 - 2024.04
- Recovery - Initiation and monitoring of effective implementation of legal recovery tools viz SARFAESI, Sec 138 NI Act, Sec 25 PASA.
- Litigation Management – Handeling cases filed in High Court, DRT, DRAT, NCLT and consumer forums, breifing panel advocates and counsels.
- MIS- Preparing, maintaining and regularoty reporting of the litigation data on timely basis.
- Business Legal - Coordination with panel advocates for Title Search Reports to ensure creation of valid and enforceable mortgage over the secured asset.
- Contract Lifecycle Management - Drafting and preparing templates for service agreements, leave and license agreements.
- Strong collaboration with Business, Credit and operations team for ensuring smooth disbursement process.
- Legal Due Deligence for portfolio acquisition.
- Handeling matters regarding EOW, ED, CBI investigation.
- Investigation on suspected fraud cases and suggested risk mitigants to be undertaken for disbursement.
Assistant Manager
Aditya Birla Finance Limited
2017.11 - 2020.07
- Litigation Management - Handeling cases initiated by and against the company before High Courts, Civil, Consumer, DRT, NCLT. Appointing attorneys, briefing counsels on the case facts for effective management and timely results.
- Recovery - End-to-end monitoring of recovery legal actions viz. SARFAESI, Arbitration, Money Suits, Sec 138 NI Act, Sec 25 PASA.
- IBC - filing of claims with resolution professionals, attending COCs, negotiation and finalisation of resolution plans for corporate borrower base.
- Non Litigation - Close colaboration with Admin team for leave and lisence and service level agreements.
- Assistance in NHB, RBI, Statutory and Internal audits.
- Appearing in front of Law Enforcement Agencies like CBI, CID, ED and EOW for handling matters of Anti Money laundering and Fraud cases.
- Coordination with the panel advocates for various cases, drafting and finalising of plaints and written statements and attending the court hearings.
- Monitoring of development and on boarding of customised litigation management portal for effective MIS circulation, central repository of data, enabling easy access of data to auditors.
Management Trainee
Aditya Birla Housing Finance Limited
2016.07 - 2017.11
- Ensuring compliances under Companies Act, SEBI LODR Regulations and NHB Regulations.
- Assistance in conducting Board Meetings, General Meetings and committee meetings.
- Drafting and circulating agenda and minutes as per statutory requirements.
- Maintenance of statutory registers.
- Reporting of AML data with FIU IND.
- Monitoring development of Compliance Management Portal for ensuring timely compliance of the applicable acts, rules m regulations on ongoing basis by all the stake holders
Education
LLB -
Mumbai University
Mumbai 2016.08 - 2019.03
CS -
The Institute of Company Secretaries of India
2012.02 - 2018.08
B. Com - Commerce
Mumbai University
2011.08 - 2014.03
Skills
- Litigation Management
- Resolution of Stress Assets
- Compliance management
- Due Diligence
- Stakeholder collaboration
- Bankruptcy law
- Strategic Planning
- Drafting
- Contract Management
Personal Information
- Date of Birth: 1993-11-29
- Marital Status: Married
Timeline
Associate Vice President, Legal Recovery
HSBC Bank
2025.05 - Current
Regional Legal Manager
ICICI Home Finance Company Limited
2024.04 - 2025.03
Legal Manager
JM Financial Home Loans Limited
2020.07 - 2024.04
Assistant Manager
Aditya Birla Finance Limited
2017.11 - 2020.07
LLB -
Mumbai University
2016.08 - 2019.03
Management Trainee
Aditya Birla Housing Finance Limited
2016.07 - 2017.11
CS -
The Institute of Company Secretaries of India
2012.02 - 2018.08
B. Com - Commerce
Mumbai University
2011.08 - 2014.03