Board-approvable loan settlement across product lines — home, LAP, business, working-capital, personal, vehicle, credit card — with Punjab National Bank, SBI, Punjab & Sind Bank, HDFC Bank and other lenders operating in Punjab.
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.
Home loan / LAP: 65–85% of principal recovery for fully secured accounts. Business / working-capital (CC / OD): 45–65% for viable, 25–40% for doubtful. Personal / credit card (unsecured): 20–45% depending on age and lender policy. Vehicle loan: 55–75% for repossessable, 30–50% for irrecoverable. Bands are indicative; exact recovery depends on collateral coverage and lender policy.
Punjab National Bank: circle SARB delegated up to ₹5 Cr, above which the Zonal Committee reviews. SBI: similar structure; Punjab & Sind Bank: private banks (HDFC/ICICI/Axis) run through recovery agencies for retail products and dedicated recovery vertical for MSME/mid-corporate.
Home loan: settlement below outstanding requires clean encumbrance record — Registrar of Assurances at Ludhiana takes 15–30 days for release deed. Credit card / personal: recovery agents' quick-close offers often carry hidden 'settled' reporting; get the reporting term in writing. Business loan (cash credit): stock statement discrepancies are the #1 reason for wilful-defaulter classification — clean the statement history first.
1. Sanction letter with exact quantum + payment schedule. 2. Down payment realised. 3. Milestone / tail payments realised. 4. Full-payment NDC (No Dues Certificate). 5. Release of original title deeds / hypothecation cancellation with the Sub-Registrar. 6. CIBIL / CIC update — 'closed' where terms permit, else 'settled'. 7. CERSAI charge satisfaction / release.
Writ jurisdiction seat.
DRT Chandigarh serves Punjab, Haryana, HP and Chandigarh UT.
Ludhiana cycle & knitwear; Jalandhar sports goods & hand-tools; Amritsar textile; Rice millers (Sangrur-Barnala)
Auction / procedural note. Punjab HC is proactive on farm-loan writs; agri land auctions face frequent stays under Punjab Land Preservation Act.
