Karma Law advises and represents Banks, Financial Institutions, NBFCs, Asset Reconstruction Companies (ARCs), and Corporate Borrowers across the full spectrum of banking, finance, enforcement and restructuring matters. Our practice combines strong recovery litigation capability with transactional and regulatory advisory expertise.

Enforcement & Recovery – SARFAESI and DRT Proceedings

We provide end-to-end assistance under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, including:

• Strategy advisory prior to initiation of enforcement
• Drafting and issuance of demand notices under Section 13(2)
• Measures under Section 13(4), including symbolic and physical possession
• Filing applications under Section 14 before the Chief Metropolitan Magistrate / District Magistrate
• Appointment of Court Commissioners
• Assistance in valuation, auction process and sale of secured assets
• Defending and prosecuting Securitisation Applications

We regularly appear before Debt Recovery Tribunals (DRTs) and Debt Recovery Appellate Tribunals (DRATs) in:

• Original Applications (OAs)
• Appeals and interim applications
• Execution of Recovery Certificates
• Stay and injunction matters

Insolvency & Stressed Asset Resolution

We advise financial creditors and stakeholders under the Insolvency and Bankruptcy Code, 2016, including:

• Filing Section 7 applications before NCLT
• Representation before NCLT and NCLAT
• Resolution plan advisory
• Committee of Creditors (CoC) assistance
• Distressed asset acquisition strategy
• One-Time Settlements (OTS) and restructuring negotiations

Debt Restructuring & Structured Finance

Our advisory covers:

• Project finance transactions
• Consortium and multiple banking arrangements
• Leveraged finance structures
• External Commercial Borrowings (ECBs)
• Security documentation and perfection of charge
• Inter-creditor arrangements
• Regulatory compliance for lenders and borrowers

We assist in drafting and vetting loan agreements, facility documents, security documents, guarantees, pledge agreements and escrow arrangements.

Due Diligence & Security Creation

We conduct comprehensive legal due diligence of:

• Immovable properties (industrial, commercial and agricultural land)
• Plant and machinery
• Corporate borrowers

Our services include title search reports, encumbrance verification, CERSAI charge verification, risk mapping, and enforceability assessment of securities