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Khanna & Associates
Banking & Finance Lawyers in Jaipur
Welcome to Khanna & Associates, home to the top banking and finance lawyers in Jaipur. The financial sector is governed by stringent regulatory frameworks and complex debt recovery mechanisms. We represent banks, Non-Banking Financial Companies (NBFCs), corporate borrowers, and guarantors, offering strategic legal counsel on financial transactions and robust representation in banking disputes.
Core Banking & Finance Services
Our specialized banking practice handles a wide range of financial legal matters:
- SARFAESI Act Proceedings: Advising financial institutions on the enforcement of security interests and defending borrowers against arbitrary possession of their mortgaged properties.
- Debt Recovery Tribunal (DRT) & DRAT: Filing Original Applications (OAs) for banks and Securitization Applications (SAs) for borrowers, managing the entire litigation process before DRT and the Appellate Tribunal.
- Insolvency & Bankruptcy Code (IBC): Representing financial creditors, operational creditors, and corporate debtors in Corporate Insolvency Resolution Processes (CIRP) before the NCLT.
- Loan Documentation: Drafting and vetting syndication agreements, term loan agreements, mortgage deeds, hypothecation agreements, and corporate guarantees.
- Cheque Bounce & Fraud: Prosecuting and defending cases under Section 138 of the Negotiable Instruments Act and handling matters related to banking frauds and economic offenses.
Our Strategic Advantage
- Comprehensive Understanding: Our lawyers deeply understand RBI guidelines, banking operations, and the commercial realities of debt structuring and recovery.
- Balanced Representation: Having represented both major lenders and corporate borrowers, we understand the strategies employed by both sides, enabling us to negotiate effective One Time Settlements (OTS) or litigate aggressively.
- Regulatory Compliance: We advise NBFCs and fintech startups on regulatory compliance, licensing, and framing legally sound business models.
Frequently Asked Questions
What is the SARFAESI Act?
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act allows banks and financial institutions to auction residential or commercial properties to recover loans without court intervention, provided the loan is classified as a Non-Performing Asset (NPA).
Can a borrower challenge an auction notice under SARFAESI?
Yes, a borrower or guarantor aggrieved by the bank's measures can file a Securitization Application (SA) before the Debt Recovery Tribunal (DRT) under Section 17 of the Act.
What is a One Time Settlement (OTS)?
An OTS is a compromise scheme where the bank agrees to accept a lump sum amount, which is often less than the total outstanding dues, to settle an NPA account and close the loan.
What we do
Click on the desired service for more informations.
Our Markets
We work in the following markets.
- Internet Service & Sales
- Arts & Entertainment
- Business Services
- Real Estate
- Healthcare
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Contact Us
47 SMS Colony, Shipra Path
Mansarovar 302020
Jaipur, Rajasthan
India
