Best (NPA) DRT Lawyers (SARFAESI ACT) in North India

SARFAESI Act 2002

Our House is handling matters relating to the cases filed by Banks and Financial Institutions for Recovery of their dues in Debts Recovery Tribunal (DRT) under The Recovery of Debts and Bankruptcy Act, 1993.

Our House is also dealing with Appeals arising from DRT proceedings which are filed before Debts Recovery Appellate Tribunal (DRAT).

The DRT for Haryana / Punjab/Himachal Pradesh / J&K  is situated at Chandigarh.

Our House also has extensive experience in defending Companies against SARFAESI proceeding initiated by Banks before Magistrates for attachment of the assets of distressed entities under The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI) and the related Proceedings/Appeals before DRT and DRAT.

Dealing with 13(4) notice and taking action against the wrongful action taken if any.

Monitoring the matters filed by the financial institution in CMM Court / District Magistrate court to obtain forceful possession of the mortgaged assets & suggest ways to safeguard the mortgaged assets.

Guidance on restoring the possession of the assets illegally taken by the financial institution including challenging the process of possession, process of auction, process of confirmation of sale etc.

It is observed that the Financial Institutions / Banks easily obtain orders in their favour from CMM, DM, Co-operative courts, DRT etc. under various provisions of law for the recovery of their dues, including obtaining forceful physical possession of the mortgaged assets. Thus it is important that the borrower should not ignore the communications, notices issued by them from time to time. It is essential to reply to each of such communications in writing & within the limitation period.

The Borrowers must seek guidance to be aware of their rights under law & take action against any illegal actions if adopted by the lending institutions which would call for breach of constructive trust, misuse of fiduciary relationship, unlawful gain for adopting unfair trade practices.

We provide out of the box solutions to Genuine Borrowers in a pre or post NPA situation. Time being the essence, we provide time tested solutions to safeguard the assets, borrow time legally which otherwise is not given by the Banker, which will enable the borrower to gain strong negotiation grounds. Our intervention between the borrower and its Bank helps to ultimately redevelop healthy relations between the two. We address and assist in Corporate Restructuring, Mergers & Acquisitions & Corporate Litigation.

IBC Act (NCLT/ NCLAT)

The Insolvency and Bankruptcy Code, 2016 (Insolvency Code) coupled with NCLT (National Company Law Tribunal) has turned into an attractive remedy for corporate borrowers to restructure their outstanding loans. It is increasingly seen that the corporate entities are opting for this remedy due to the time bound resolution mechanism envisaged under the Insolvency Code.

We have a specialized multi-disciplinary team who caters to provide across the board services for NPA and NCLT matters. Our team is a great blend of Lawyers, Bankers and Chartered Accountants having more than 20 years of combined rich expertise and experience in Banking Matters, Litigation, NPA Resolution, Corporate Restructuring, Regulatory Compliances and related Advisory Services.

Advising and providing ancillary services to Resolution Professionals.

Advising client on various funding and buyout options for revival, restructure and resolution plans.