We negotiate Board-approvable One Time Settlement (OTS) proposals with SBI, UCO Bank, Bank of India and other lenders active in West Bengal — 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 West Bengal 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/UCO Bank recovery policy and the age of the NPA. SBI and UCO Bank publish periodic non-discretionary OTS windows; Bank of India 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 West Bengal, SBI's SARB sits at Kolkata for larger exposures.
Case A: Kolkata-based Jute MSME, SBI exposure ₹1.8 Cr, NPA since 2022 — OTS approved at 52% (₹94 L) with 25% down and 9-month tail. Case B: Howrah-based Iron unit, UCO 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.
Three DRT benches at Kolkata; DRAT Kolkata is the appellate seat for the East and Northeast.
Jute mills (Howrah); Iron & steel (Durgapur-Asansol); Tea gardens (Dooars); Leather (Bantala cluster)
Auction / procedural note. Calcutta HC is particularly strict about pre-sale valuation reports — courts have set aside auctions where two valuations were not obtained under Rule 8(5).
