We negotiate Board-approvable One Time Settlement (OTS) proposals with SBI, Bank of India, Punjab National Bank and other lenders active in Jharkhand — 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 Jharkhand 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/Bank of India recovery policy and the age of the NPA. SBI and Bank of India publish periodic non-discretionary OTS windows; Punjab National 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 Jharkhand, SBI's SARB sits at Ranchi for larger exposures.
Case A: Ranchi-based Jamshedpur MSME, SBI exposure ₹1.8 Cr, NPA since 2022 — OTS approved at 52% (₹94 L) with 25% down and 9-month tail. Case B: Jamshedpur-based Dhanbad unit, Bank of India 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 Ranchi is the single DRT for Jharkhand.
Jamshedpur auto-vendors (Tata ecosystem); Dhanbad coal-related MSMEs; Bokaro steel vendors; Ranchi real estate
Auction / procedural note. Chota Nagpur Tenancy Act (CNT) and Santhal Pargana Tenancy Act (SPT) severely restrict transfer of tribal land — auction of such land is void without state approval.
