Banking Laws & SARFAESI

Banking Laws & SARFAESI

At LOPM, we have a dedicated team of experts specializing in banking laws, including debt recovery, RBI guidelines, and the Bank Regulation Act. We collaborate with various banks, non-banking financial companies (NBFCs), and other financial institutions, assisting them with drafting and managing loan-related documents, obtaining CERSAI registrations, evaluating and verifying mortgage documents, and performing due diligence.

In addition to these services, we offer comprehensive support under the SARFAESI Act to help banks and financial institutions recover debts and mitigate non-performing assets (NPAs). We prepare notices under Section 13 of the SARFAESI Act and provide thorough advisory services throughout the debt recovery process, including the auction of mortgaged properties and representation before Debt Recovery Tribunals across the country.

SARFAESI Proceedings

We provide legal support in matters arising under the SARFAESI Act, 2002, including proceedings relating to the enforcement of security interests and recovery of secured debts. Our assistance may include reviewing statutory notices, examining procedural compliance, and advising on appropriate legal remedies based on the facts of the case.

Debt Recovery & Loan Disputes

We assist with legal issues arising from loan defaults, recovery demands, disputed liabilities, and disagreements concerning loan terms or repayment obligations. We assess the relevant documents and circumstances to help clients understand their legal position and available options.

Secured Asset & Possession Matters

Our legal assistance includes matters concerning possession and enforcement actions involving secured properties. We review relevant notices, records, and procedural requirements to identify potential legal issues and advise clients on appropriate steps under applicable law.

Our Approach

At the Law Office of Paromita Majumdar, we understand that banking and recovery disputes can have significant financial and business implications. We aim to provide practical legal guidance, careful document review, and a structured strategy to help clients navigate complex proceedings with greater clarity and confidence.

Frequently Asked Questions (FAQs)

What banking law services does LOPM provide?
LOPM assists banks and financial institutions with loan documentation, regulatory compliance, due diligence, mortgage verification, and debt recovery matters. The firm also advises on compliance with RBI guidelines and the Banking Regulation framework.
A secured creditor may initiate action when a borrower defaults and the account is classified as an NPA, provided statutory conditions are met. Proper notice under Section 13 is a mandatory first step.
Yes. Borrowers can approach the Debt Recovery Tribunal (DRT) if they believe the action taken is not in accordance with law. Timely legal advice is crucial in such situations.
Yes. The firm provides end-to-end assistance in conducting property auctions, ensuring compliance with statutory procedures and documentation requirements.
CERSAI registration helps record security interests over movable and immovable assets, protecting lenders against multiple financing risks. Proper registration strengthens enforceability in recovery proceedings.
Law Office of Paromita Majumdar

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