Advocate Sudip Patra (8250422880 / 7003715325)

Experienced Advocate with more than 10 years of experience.

Struggling with Debt Recovery Issues?
Patra’s Law Chambers is your trusted partner for all Debt Recovery Tribunal (DRT) related banking matters in India. Whether you’re a lender seeking to recover dues or a borrower facing recovery proceedings, our experienced advocates offer expert legal assistance to navigate the complexities of the DRT. We provide strategic representation to protect your interests and ensure a fair resolution.

Our Services Include:

• Filing and defending DRT applications.
• Expert negotiation and settlement strategies.
• Comprehensive legal support for banks, financial institutions, and individuals.

Secure Your Financial Future:
Call: 8250422880 / 7003715325
Email: [email protected]
Offices:

• Kolkata: NICCO HOUSE, 6th Floor, 2, Hare Street, Kolkata- 700 001
• Delhi: 1st Floor, Sadar Bazar Road, Paharganj House No.: 4455/VI, New Delhi-110001
  Website: www.patraslawchambers.com

Banking Litigation Services at Patra’s Law Chambers

At Patra’s Law Chambers, we offer a wide range of specialized legal services related to banking and financial disputes. Our team of experienced advocates provides comprehensive representation in matters before the Debt Recovery Tribunal (DRT), Debt Recovery Appellate Tribunal (DRAT), and other judicial bodies concerning banking and finance laws. Our services cover disputes related to loan recovery, non-performing assets (NPAs), banking fraud, corporate insolvency, and other financial irregularities. We ensure that our clients receive expert legal guidance, whether they are financial institutions, corporations, or individual borrowers.

Key Banking Litigation Services:

1. Debt Recovery Tribunal (DRT) Matters

• Loan and Debt Recovery: We represent banks, financial institutions, and individual borrowers in proceedings initiated under the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act). This includes filing original applications (OAs) by lenders or defending borrowers in recovery actions.
• Secured Assets Enforcement: Our team provides legal support in cases involving the enforcement of secured debts under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). We assist lenders in taking possession of mortgaged or hypothecated properties and borrowers in defending wrongful possession or auction proceedings.
• Representation in DRT Hearings: We appear before the Debt Recovery Tribunal to handle claims, counterclaims, objections, and defenses related to banking disputes. Our team ensures clients receive robust representation during hearings.
• Debt Recovery Appellate Tribunal (DRAT): We handle appeals against DRT judgments before the DRAT, ensuring that our clients’ rights are upheld during the appellate process.

2. Non-Performing Assets (NPA) Management

• NPA Recovery Strategy: We work closely with banks and financial institutions to design and implement effective NPA recovery strategies. This includes handling notices under Section 13(2) and 13(4) of the SARFAESI Act and challenging them on behalf of borrowers.
• Debt Restructuring and Settlements: We assist clients in negotiating one-time settlements (OTS) and restructuring loans to prevent classification as NPAs. Our team also represents parties in the resolution of disputes through alternate dispute resolution mechanisms, ensuring quick and effective settlements.
• Legal Compliance for Asset Reconstruction Companies (ARCs): We offer legal services to asset reconstruction companies involved in acquiring NPAs from banks and help ensure compliance with the legal framework governing ARCs, including the SARFAESI Act and the Insolvency and Bankruptcy Code (IBC).

3. Insolvency and Bankruptcy Proceedings

• Representation under the Insolvency and Bankruptcy Code (IBC): Our firm represents creditors (both financial and operational) and corporate debtors in proceedings before the National Company Law Tribunal (NCLT) under the IBC. We assist in initiating corporate insolvency resolution processes (CIRP), defending insolvency petitions, and helping clients navigate the resolution plan process.
• Bankruptcy Litigation: We provide legal support to banks and financial institutions in the process of recovering dues from insolvent companies, including representation in creditor committee meetings and formulating resolution plans.
• Personal Guarantor Proceedings: Our team is well-versed in handling proceedings against personal guarantors of corporate debtors under the IBC and representing them in insolvency proceedings.

4. Banking Fraud and White-Collar Crime

• Banking and Financial Fraud Cases: We represent banks and corporate clients in cases of banking fraud, including fraud committed through digital transactions, check forgery, loan fraud, and fraudulent fund transfers. We work with forensic experts to gather evidence and present a strong case.
• Cyber Crime in Banking: With the increasing number of cyber crimes related to online banking and digital payments, our legal team provides representation in cases involving phishing, hacking, and data theft. We assist both financial institutions and individuals in such matters.

5. Banking Regulatory Compliance

• Regulatory Advisory: We provide advisory services on compliance with banking regulations issued by the Reserve Bank of India (RBI), including regulations on credit policy, asset classification, provisioning norms, and capital adequacy.
• Legal Audit and Risk Management: We assist banks in conducting legal audits to identify risks associated with non-compliance, ensuring that they adhere to RBI guidelines, anti-money laundering (AML) norms, and the Prevention of Money Laundering Act (PMLA).
• Dispute Resolution with Regulatory Bodies: Our lawyers handle disputes arising between banks and regulatory bodies such as the RBI, SEBI, and IRDAI, ensuring that all regulations are complied with and defended when challenged.

6. Consumer Disputes in Banking

• Banking Consumer Disputes: We represent individuals and corporate entities in consumer disputes against banks before the Consumer Disputes Redressal Forum. This includes cases related to unfair banking practices, wrong charges, misrepresentation by banks, or denial of legitimate banking services.
• Unfair Trade Practices and Deficiency in Services: We handle cases related to unauthorized transactions, hidden charges, mis-selling of financial products, and deficiency in banking services. Our team works to secure compensation for consumers who have been wronged.

7. Litigation Related to Mortgages and Guarantees

• Mortgage and Property Disputes: Our team handles disputes related to mortgages, including wrongful foreclosure, improper valuation of mortgaged assets, and disputes over loan terms. We represent clients in enforcing or defending mortgage-related claims.
• Personal Guarantee Litigation: We assist lenders in enforcing personal guarantees provided in loan agreements and defend guarantors in cases of wrongful enforcement of guarantees.

Key Acts and Rules We Handle in Banking Matters:

• Recovery of Debts and Bankruptcy Act, 1993 (RDB Act)
• Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act)
• Insolvency and Bankruptcy Code, 2016 (IBC)
• Banking Regulation Act, 1949
• Reserve Bank of India (RBI) Guidelines
• Prevention of Money Laundering Act, 2002 (PMLA)
• Indian Contract Act, 1872
• Negotiable Instruments Act, 1881 (for check bounce cases)
• Consumer Protection Act, 2019 (for consumer banking disputes)

Why Choose Patra’s Law Chambers for Banking Litigation?

Our firm offers tailored solutions for complex banking and financial disputes. With a deep understanding of banking laws, we provide innovative strategies for quick resolution while ensuring the protection of our client’s interests. We have a track record of successful representation before DRT, DRAT, NCLT, and other courts, making us a trusted partner for legal support in banking litigation matters.

Contact us today for expert legal advice and representation in banking disputes.