Is my SIDCUL unit eligible for restructuring?

Eligibility rests on viability — a TEV report has to establish that projected DSCR >= 1.2x over the restructured tenor. Willingness of promoters to bring equity infusion is a major positive factor.

What is the standstill on asset classification during restructuring?

Under the RBI Prudential Framework, the standstill window is 180 days from Review Period start. If ICA is signed inside 180 days, standard classification is preserved (subject to the additional 20% + 15% provisioning by lenders).

Can a single-lender exposure be restructured?

Yes — the RBI framework applies to single-lender and multi-lender exposures. For single-lender, no ICA is needed; the lender's Credit Committee approval governs.

Which lenders in Uttarakhand are most flexible on restructuring?

Historically SBI and Punjab National Bank have supported viable MSME restructuring under the RBI framework, especially where sector-specific policy (RBI's MSME resolution circulars) allows.

Are SIDCUL unit auctions common?

Yes — post tax-holiday expiry, several units at Rudrapur SIDCUL cluster saw SARFAESI proceedings between 2021–2024. Buyer diligence must include SIDCUL lease status.

How busy is DRT Dehradun?

Low-to-moderate docket; disposal timelines are typically faster than metro DRTs.

Is Uttarakhand HC receptive to SARFAESI writs?

Yes for jurisdictional defects and where SIDCUL/state approvals were bypassed at auction.

What OTS bands apply for hospitality NPAs in Nainital?

Post-COVID, banks approved 40–60% OTS for viable hospitality units; non-viable units settled lower with Board approval.

Uttarakhand • Commercial negotiation

Loan Restructuring in Uttarakhand

Restructuring proposals under the RBI June 2019 Prudential Framework — for viable Uttarakhand businesses seeking to reset tenor, moratorium, working-capital cycle or interest rate before the account slips to NPA / Doubtful.

Viability memo — TEV assessment, cash-flow projections, debt-service coverage.

Restructuring proposal under the RBI Prudential Framework — signed inter-creditor agreement (ICA) where multiple lenders are involved.

Working-capital reassessment — CC / OD limits reset, drawing power recomputed.

Board-note drafting for the lender's Credit Committee / SARB.

Post-implementation monitoring — quarterly compliance certificates for 12 months.

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Written by

Sharad Wardhan

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CA, ex-Deputy Vice President (Banking)

Legally reviewed by

NPA Experts Legal Review Panel

Empanelled counsel practising before DRT, DRAT and High Courts

Last updated

July 13, 2026

Editorial policy

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.

Uttarakhand

Everything a Uttarakhand borrower needs to know about Loan Restructuring

When restructuring beats OTS in Uttarakhand

Restructuring is the right path when the business is viable but cash-flow is temporarily stressed — typical for SIDCUL industrial units (Rudrapur, Haridwar, Pantnagar) and Auto ancillaries units in Uttarakhand. OTS is right where viability is broken and the choice is between settlement discount and continued default interest.

The RBI June 2019 Prudential Framework — the operating law

The 7 June 2019 RBI framework replaced legacy schemes (CDR, SDR, S4A, JLF) with a lender-driven Inter-Creditor Agreement (ICA) approach. Key trigger: any account in default is reviewable inside 30 days; a Review Period of 180 days follows, within which the ICA restructuring is finalised. Failure triggers additional 20% + 15% provisioning by lenders — a strong incentive to close inside 180 days.

TEV — the report that drives the sanction

A Techno-Economic Viability (TEV) report from a Category-I RBI-empanelled agency is mandatory for exposures above ₹100 Cr and industry-standard for exposures above ₹25 Cr. The TEV report drives the tenor, moratorium and coupon proposed to lenders. In Uttarakhand, TEV is a common bottleneck — plan the agency selection and site visit at the start of the 180-day window.

Working-capital reset — the SIDCUL playbook

For SIDCUL industrial units (Rudrapur, Haridwar, Pantnagar) units, the working-capital reset typically involves: (a) reassessment of MPBF/Turnover Method limits, (b) reset of drawing power basis stock/book-debt margin, (c) release of ad-hoc limits into regular sanction. Under the current RBI framework, working-capital reassessment can be part of the ICA restructuring without triggering standstill on standard classification.

Local intelligence

Courts, lenders and hubs relevant to Uttarakhand

Court structure

Uttarakhand High Court

Writ jurisdiction seat.

DRT Dehradun

DRT Dehradun is the single DRT for Uttarakhand.

Primary lenders

• SBI
• Punjab National Bank
• Bank of Baroda
• HDFC Bank
• ICICI Bank
• Uttarakhand Gramin Bank

Banking hubs

• Dehradun
• Haridwar
• Roorkee
• Rudrapur
• Haldwani

Stressed sectors

SIDCUL industrial units (Rudrapur, Haridwar, Pantnagar); Auto ancillaries; Real estate (Dehradun-Haridwar); Hospitality (Nainital-Mussoorie)

Auction / procedural note. SIDCUL transfer NOC is mandatory for auctioned plots in Rudrapur, Haridwar and Pantnagar — factor 30–60 days.

FAQ

Loan Restructuring — Uttarakhand FAQs

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