Loading…
Arbitration & Execution support from our Banking & Finance team, handled end-to-end as part of our Litigation practice.
Cheque bounce notices are sent within 24 hours of memo receipt. Compliant filings in DRT or Magistrate Court are completed within 15 to 30 days. SARFAESI possession actions typically take 3 to 6 months.
We make legal and intellectual property filings seamless, secure, and fully transparent. Here is how we handle your assignment from start to finish:
Understand your goals, check eligibility, and draft the filing roadmap.
Collect required records and conduct compliance checks for errors.
Draft and submit applications to the registry within 48 business hours.
Monitor application progress and respond to office actions/objections.
Handover certified registrations and provide post-filing support.
You must issue a legal notice to the drawer within 30 days of check bounce. The drawer has 15 days to pay. If they fail, you must file a complaint in court within 30 days after the 15-day period.
SARFAESI can only be initiated by banks or notified NBFCs for secured loans exceeding Rs. 1 Lakh, where the account has been classified as an NPA and the outstanding debt is more than 20% of the principal.
The DRT is a specialized judicial body established for fast-track recovery of debts due to banks and financial institutions, aiming to resolve cases within 180 days.