We negotiate Board-approvable One Time Settlement (OTS) proposals with SBI, Punjab National Bank, HDFC Bank and other lenders active in Himachal Pradesh — 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 Himachal Pradesh 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, SBI/Punjab National Bank recovery policy and the age of the NPA. SBI and Punjab National Bank publish periodic non-discretionary OTS windows; HDFC Bank 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 Himachal Pradesh, SBI's SARB sits at Shimla for larger exposures.
Case A: Shimla-based Baddi-Barotiwala MSME, SBI exposure ₹1.8 Cr, NPA since 2022 — OTS approved at 52% (₹94 L) with 25% down and 9-month tail. Case B: Solan-based Apple unit, Punjab National Bank 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.
HP borrowers file at DRT Chandigarh; DRAT Delhi hears appeals.
Baddi-Barotiwala pharma cluster; Apple growers (Shimla-Kinnaur); Hospitality (Shimla-Manali); Cement (Solan)
Auction / procedural note. HP Tenancy and Land Reforms Act restricts non-agriculturist purchase of agri land — auction buyers face Section 118 hurdles.
