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.
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.
