We negotiate Board-approvable One Time Settlement (OTS) proposals with State Bank of India, Bank of Baroda, Central Bank of India and other lenders active in Chhattisgarh — with sanction letter, No Dues Certificate (NDC) and CIBIL/CIC closure as the final deliverable.
This page is for general information. It is not legal, tax or investment advice. Every NPA / SARFAESI / DRT matter is fact-specific — speak to a qualified advisor before acting.
OTS outcomes in Chhattisgarh typically settle at 45–65% of the outstanding principal for viable secured exposures, with lower recovery bands for older, doubtful accounts. The exact discount depends on collateral coverage, State Bank of India/Bank of Baroda recovery policy and the age of the NPA. State Bank of India and Bank of Baroda publish periodic non-discretionary OTS windows; Central Bank of India tends to negotiate case-by-case above ₹1 Cr.
Small NPAs (typically under ₹25 lakh) get sanctioned at the branch; mid-size at the circle-level SARB; exposures above ₹5–10 Cr usually go to Zonal Committee or Board. In Chhattisgarh, State Bank of India's SARB sits at Raipur for larger exposures.
Case A: Raipur-based Sponge MSME, State Bank of India exposure ₹1.8 Cr, NPA since 2022 — OTS approved at 52% (₹94 L) with 25% down and 9-month tail. Case B: Bilaspur-based Coal-linked unit, Bank of Baroda exposure ₹68 L, doubtful — OTS approved at 41% with 100% payment inside 90 days.
Common derailers: unpaid statutory dues (GST/PF/ESIC) that trigger wilful-defaulter examination; ongoing SARFAESI auction that reduces the bank's incentive to settle; wilful-defaulter tag under the July 2024 RBI Master Direction. Our diagnostic flags each of these before we file.
Writ jurisdiction seat.
DRT Raipur is the single DRT for Chhattisgarh.
Sponge iron & steel (Raipur-Bhilai belt); Coal-linked logistics (Korba); Rice mills; Real estate (Raipur)
Auction / procedural note. CSIDC transfer NOC is required for industrial-plot auctions; expect 30–45 days after sale certificate.
