Term & Condition

• The Sub-contractor shall be responsible for the safety of the repossessed assets till it is handed over the company against a proper receipt issued in this regard on a company.
• At the time of repossession of the Asset, the Sub-contractor shall prepare an Inventory List as per Schedule “A” and ensure signature of the person surrendering the assets at that time after all the details have been duly filled.
• The Sub-contractor shall not charge any amount for any investigation carried out in order to locate vehicle/assets.
• In Consideration of the services provided by the Sub-contractor, the Company shall pay an amount to Sub-contractor after deducting a appropriate margin from received payment from Bank/NBFC Firm.
• The Sub-contractor is at liberty to do the whole work himself or jointly with somebody else.
• That “Sub-contractor” is to submit to the detail of Repossession Vehicle at the month End.