Banking, NBFC, Finance & Recovery Services
BUSINESS & CORPORATE · BHOPAL, SERVING ALL INDIA
Banking, NBFC, Finance & Recovery Services
Debt and loan recovery, cheque bounce (Section 138) cases, SARFAESI and DRT matters, and NBFC/RBI compliance — we recover what you’re owed and keep lenders compliant. Your first consultation is free.
Owed money, or need to stay RBI-compliant?
Whether you’re a business chasing an unpaid debt, a lender enforcing security, or an NBFC managing RBI compliance, the right legal action — taken promptly — is what turns dues into recovery and keeps you on the right side of the regulator.
For recovery, the tools depend on the situation: a Section 138 case for a bounced cheque, a summary suit or commercial court claim for unpaid invoices, SARFAESI action to enforce secured assets, or proceedings before the Debt Recovery Tribunal (DRT). Choosing and sequencing the right remedy is what gets results.
On the compliance side, NBFCs and finance businesses must meet RBI registration and ongoing norms, and lending must follow fair-practice and documentation rules. We advise on structure and compliance, and act decisively on recovery — from notice to enforcement.
Who this is for
- Businesses owed money — unpaid invoices, defaulted loans or bounced cheques.
- Lenders and financiers enforcing security under SARFAESI or before the DRT.
- NBFCs and finance companies needing RBI registration and compliance.
- Borrowers facing recovery action who need to defend or negotiate.
- Anyone holding a dishonoured cheque needing a Section 138 case.
Our banking, finance & recovery services
Recovery of dues and lender-side compliance — the right remedy, pursued to enforcement.
Debt & Loan Recovery
Recovery of unpaid invoices and defaulted loans via notice, suit or commercial court.
Cheque Bounce (Section 138)
Complete Section 138 process — statutory notice, complaint and trial for dishonoured cheques.
SARFAESI Action
Enforcement of secured assets under SARFAESI, and defence for borrowers.
DRT Proceedings
Recovery and defence before the Debt Recovery Tribunal and DRAT.
NBFC & RBI Compliance
NBFC registration, RBI norms, fair-practice code and lending documentation.
Loan & Security Documentation
Loan agreements, guarantees and security documents drafted to be enforceable.
Why recover with Prospect Legal
We pick the fastest remedy
Section 138, summary suit, SARFAESI or DRT — we choose and sequence the route that actually recovers, not just files.
Recovery, not just paperwork
We pursue matters to enforcement so a favourable order turns into money in your account.
A registered firm, not an agent
You deal with an accountable private limited company (CIN U74999MP2016PTC041343).
Lender-side compliance covered
NBFC and RBI norms handled so your lending business stays regulator-ready.
Both sides understood
We act for creditors and defend borrowers — so we know exactly how the other side will play it.
Transparent engagement
Clear scope and fee for the notice, case or compliance work, agreed upfront.
How we pursue recovery
Assess
We review the debt, documents and security to pick the strongest remedy.
Notice
We issue the statutory or demand notice — often enough to trigger payment.
File
We file the Section 138 case, suit, SARFAESI or DRT proceeding.
Pursue
We push the matter through to a favourable order or award.
Enforce
We enforce and execute so you actually recover the money.
Documents we usually need
- Details of the debt — invoices, loan agreement or cheque
- The dishonoured cheque and bank return memo (for S.138)
- Security / mortgage documents (for SARFAESI / DRT)
- Correspondence and payment records with the debtor
- KYC and details of the debtor / guarantor
- For NBFC compliance — company documents and current registrations
Which remedy fits your situation
The right remedy depends on the debt, documents and security. We recommend the strongest route in the free consultation.
Banking, finance & recovery — frequently asked questions
What can I do if a cheque given to me bounced?
You can file a case under Section 138 of the Negotiable Instruments Act. The key step is a statutory demand notice within 30 days of the bank return memo; if payment isn’t made within 15 days, a complaint can be filed. The timelines are strict, so act quickly — we handle the full process.
How do I recover an unpaid business debt?
It depends on the amount and documentation. Options include a demand/legal notice (often enough on its own), a summary suit or commercial court claim for clear debts, or arbitration if the contract provides for it. We assess your case and choose the fastest route to actual recovery.
What is SARFAESI and when can a lender use it?
SARFAESI lets banks and eligible NBFCs enforce security (like a mortgaged property) without going to court first, by issuing notice and taking possession of the secured asset on default. Borrowers can challenge the action before the DRT. We act for lenders enforcing and borrowers defending.
What is the Debt Recovery Tribunal (DRT)?
The DRT is a specialised forum for banks and financial institutions to recover debts above a threshold, and for borrowers to challenge SARFAESI measures. It is faster than ordinary civil courts for these matters. We handle both recovery applications and borrower defences before the DRT and DRAT.
Does my finance business need to register as an NBFC?
If your company’s principal business is lending, investment or financing, it generally must register with the RBI as an NBFC and meet ongoing norms, including minimum net owned funds and fair-practice rules. We advise on whether registration is required and handle the process and compliance.
The borrower has no money — is recovery still worth it?
Often yes. Recovery isn’t only about immediate cash — a Section 138 conviction or a decree creates strong pressure to settle, and assets, guarantees or future income can be attached in execution. We assess realistic recoverability before advising you to proceed, so you don’t throw good money after bad.
Can you defend me if a bank or NBFC is taking recovery action against me?
Yes. We defend borrowers against SARFAESI notices, DRT proceedings and Section 138 cases — challenging procedural lapses, negotiating settlements and restructuring, and protecting your assets where the action is excessive or flawed.
FREE RECOVERY ASSESSMENT
Tell us about your matter
Share a few details and we’ll call you back within 2 hours with the best route and a clear, fixed quote.
Recover what you’re owed — the right way
Talk to our team for a free assessment of your recovery matter, cheque bounce case, or NBFC compliance need.
