We negotiate Board-approvable One Time Settlement (OTS) proposals with SBI, Bank of India, Union Bank and other lenders active in Odisha — 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 Odisha 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; Union 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 Odisha, SBI's SARB sits at Bhubaneswar for larger exposures.
Case A: Bhubaneswar-based Rourkela MSME, SBI exposure ₹1.8 Cr, NPA since 2022 — OTS approved at 52% (₹94 L) with 25% down and 9-month tail. Case B: Cuttack-based Sponge 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 Cuttack is the single DRT for Odisha.
Rourkela steel vendors; Sponge iron & mining (Sundargarh-Keonjhar); Textile & handloom; Real estate (Bhubaneswar)
Auction / procedural note. Odisha Land Reforms Act tenancy restrictions apply to auction of agricultural land; industrial IDCO plots need transfer NOC.
