Rigorous, practitioner-authored guides on the SARFAESI Act, Debt Recovery Tribunals, and NPA resolution under Indian law. Grounded in primary statutes and verified Supreme Court judgments. All content is for educational purposes.
A comprehensive statutory breakdown of Section 13(2) notices, the mandatory 15-day objection reply requirement under Section 13(3A), Section 13(4) possession, and the landmark Supreme Court ruling in Mardia Chemicals v. Union of India.
Step-by-step examination of the 90-day NPA classification under RBI IRAC norms, filing a Securitisation Application before the DRT within 45 days, simultaneous recovery under Transcore, and realistic One-Time Settlement (OTS) structuring.
Essential legal due diligence before bidding: chain of title verification, checking for pending DRT challenges, physical vs symbolic possession, and how the Supreme Court in Celir LLP extinguished borrower redemption rights post-sale.
Actionable strategies for commercial and residential borrowers: proactive communication, sanction covenants scrutiny, resetting the 90-day NPA cliff, Section 13(3A) objections, and structuring realistic One-Time Settlements (OTS).
Exposition on the severe legal risks banks and Authorised Officers face for procedural deviations: criminal trespass (IPC 441/447), Section 14 affidavit perjury (IPC 191/192), Panchnama lapses, and Section 19 DRT compensation awards.
