Debt Recovery & Banking Law (Borrower Defense)
Available across Bengaluru
I help you challenge unfair bank recovery actions, stop property auctions, and negotiate settlements by using your legal rights under SARFAESI and IBC.
Pricing Guide
Statutory Notice Reply & NPA Audit
Legal Drafting
- Comprehensive reply to SARFAESI Demand (13(2)) or Possession (13(4)) notices within statutory timelines.
- Filing Section 13(3A) formal objections to create a documented dispute on record.
- Specific clause inclusion to protect personal guarantors and directors.
Forensic NPA Audit
- Verification of the Statement of Accounts against RBI IRAC norms to validate NPA tagging.
- Audit of penal interest compounding to identify potential claim reductions.
- Review of Loan Agreements and Mortgage Deeds to identify technical loopholes like unsigned pages.
Execution
- Senior Associate review of the draft via physical or virtual consultation.
- Dispatch via Registered Post (RPAD) with retention of legal proof of service.
DRT/NCLT Defense & Stay Order Filing
Petition Filing
- Drafting and filing the Securitisation Application (SA) under Section 17 of the SARFAESI Act in the DRT.
- Filing Interlocutory Applications (IA) specifically seeking urgent Stay Orders against bank auctions.
- Preparation of all annexures, indexing, and swearing of affidavits.
Court Representation
- Urgent mentioning before the Presiding Officer for immediate listing.
- Senior Counsel arguments specifically regarding the Stay Order.
- Representation for the first 3 effective hearings or up to the admission stage.
Defense Strategy
- Technical arguments focusing on procedural lapses like valuation errors or notice affixation failures.
- Filing counter claims for compensation regarding harassment or reputation loss.
One-Time Settlement (OTS) Negotiation
Proposal Engineering
- Creation of a financial hardship note to justify inability to pay full dues for Credit Committee approval.
- Drafting of multiple settlement offers ranging from initial offers to final realistic bids.
Bank Negotiation
- Direct representation by lawyers in meetings with Branch Managers, AGMs, or Zonal Managers.
- Escalation to Nodal Officers or Ombudsmen if valid proposals are rejected at the branch level.
Closure Formalities
- Vetting of the Settlement Deed to ensure no hidden liability clauses remain.
- Verification of the No Dues Certificate and CIBIL status update post payment.
- Note: This fee covers the negotiation mandate; success fees on savings are separate.
About Debt Recovery & Banking Law (Borrower Defense)
When the Bank Comes Knocking
Getting a bank notice is stressful - feels like sab kuch hil gaya (everything shaken up). I don’t sugarcoat it, but it's not game over. You’ve got legal rights, and I help you use them.
What Happens First
If you got a SARFAESI Act notice, there’s a 60-day window. That’s your chance to actually fight back. I go through every detail for mistakes, file objections, and challenge the NPA classification if it’s unfair. No waiting around, har din ka mahatva hai (every day counts).
My Way of Defending You
No one-size-fits-all. I build the defense around your situation. Sometimes, it’s about stopping property auctions - I work for a stay from the Debt Recovery Tribunal. If needed, I’ll take it up to DRAT or even the High Court, especially when banks mess up procedures.
If an IBC notice lands, I don’t let panic take over. I push back on wrongful insolvency claims and help draft resolution plans that keep your reputation and assets safe. For personal guarantors, I explain what’s actually at risk - ghar, investments, future earnings, nothing hidden.
Not Just a Fight, But a Solution
I’m all for courtroom battles, but if we can settle smartly, I do that too. I negotiate with banks, sometimes slashing what you owe. The idea is to get you out of trouble, not keep you stuck in it.
Your Basic Borrower Rights
- Proper notice before action
- Right to contest any bank claim
- Point out flaws in bank’s documents
- Ask for a fair One-Time Settlement
You don’t have to handle this alone. I’m here to make sure the law works for you, not just the banks.
Meet your Expert
Ramniwas Surajmal
My Story
At Ramniwas Surajmal, we see folks at two stages - before signing anything, or when things have already gone sideways. Started this firm 'cause law should be your shield, not a stick to beat you with. Missed emails wreck businesses, silence lets abuse fester. We care about real people - the entrepreneur hit with IBC pressure, the woman needing domestic violence legal support, the homebuyer duped by builders. We stand up with you, not just in court, but every step, making sure your voice is heard.
My Work
All-round legal services - We handle Arbitration, Banking & DRT, Corporate, Criminal, RERA & Consumer, Family, NCLT & IBC, Civil Law.
IBC and DRT help for businesses - If IBC pressure or DRT notice comes, we turn your financial mess into legal clarity, so you fight back.
Family law support - Divorce, custody, domestic violence - we stand up for you, because law brings balance when emotions run high.
Property & RERA agreements - Buying property? We spot red flags in RERA agreement review and title deeds, saving you future headaches.
Legal notice drafting - Legal notice mila hai? Don't reply emotionally. We draft strong, timely responses to protect your rights.