DRT, SARFAESI & IBC Panel Counsel
for Banks

Unified Chambers appears before all 39 Debt Recovery Tribunals across India — including Delhi (DRT-I, DRT-II, DRT-III), Mumbai (DRT-I, DRT-II), Kolkata, Chennai, Hyderabad, Bangalore, Ahmedabad, Pune, Jaipur, Chandigarh, Lucknow, Patna, Cuttack, Guwahati, Ernakulam, Coimbatore, Nagpur, Aurangabad, Jabalpur, Jodhpur, Varanasi, Dehradun, Jammu, and all remaining benches. All appearances are conducted directly by the firm without referrals to external counsel.

Yes. The firm advises on the RBI Prudential Framework for Resolution of Stressed Assets (June 2019) and the RBI Circular on Revised Framework for Resolution of Stressed Assets. This includes ICA (Inter-Creditor Agreement) negotiations in consortium accounts, resolution plan timelines, and the legal interface between RBI resolution frameworks and DRT/IBC proceedings.

Yes. Unified Chambers accepts empanelment from scheduled commercial banks — public sector banks (SBI and its associates, Bank of Baroda, Union Bank, PNB, Canara Bank, Indian Bank, etc.), private sector banks (HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, Yes Bank, IndusInd, etc.), small finance banks, payments banks, and urban co-operative banks empowered under SARFAESI.

After receipt of the complete brief (signed vakalatnama, certified copies of loan documents, statement of account, NPA declaration), the firm targets filing of the Original Application within 5 working days for standard matters and 48 hours for matters requiring simultaneous Section 19(13) attachment applications.

Unified Chambers routinely files Section 19(13) interim attachment applications simultaneously with the OA to freeze borrower assets before the decree. The attachment application includes an affidavit of urgency, asset schedule, and supporting documents. In Delhi DRTs, same-day ex-parte attachment orders have been obtained in matters with sufficient cause shown.

Yes. The firm represents both lead banks and member banks in consortium accounts. This includes JLF (Joint Lenders Forum) representation, drafting and negotiating Inter-Creditor Agreements (ICA) under the RBI Prudential Framework, voting in consortium meetings, coordinating parallel SARFAESI / DRT / IBC strategy across consortium members, and managing inter-creditor priority disputes. For consortium loans of ₹500 crore and above, the firm operates as a dedicated recovery panel with monthly consortium MIS reporting.

The firm has direct sectoral experience in: real estate NPA (RERA + DRT interface, project-receiver appointments, RERA Authority coordination), aviation lease default (Cape Town Convention enforcement, Indian-registered aircraft repossession, IDERA filings), infrastructure project NPA (PPP-project recovery, concession agreement default, NHAI/NHB lender protection), steel-sector NPA (commodity-secured loans, hypothecation realisation), power-sector NPA (Discom receivables, PPA disputes, Genco financial creditor IBC), and manufacturing receivables (working capital, plant & machinery hypothecation, factoring receivables).

The firm advises on the RBI Master Direction on NBFC-SBR (Scale-Based Regulation), RBI Master Direction on Securitisation of Standard Assets, RBI Prudential Framework for Resolution of Stressed Assets (June 2019), RBI circular on revised IRAC norms, SMA-0/1/2 classification triggers, and the legal interface between RBI directives and DRT/IBC/SARFAESI proceedings. Bank legal teams use the firm to translate RBI circulars into concrete recovery action — particularly when RBI deadlines (such as the 30-day SMA-0 review or the resolution timeline under the June 2019 framework) intersect with statutory recovery timelines.