The Indian banking industry has significantly contributed to the nation’s economic growth and stands as one of the largest employers in the country.
Following the nationalization in 1969, the sector largely fell under government control. By 1980, the Government of India managed 91% of banking operations within the country. It was not until the early 1990s that the government initiated a liberalization policy.
According to the Reserve Bank of India, the total assets in India’s banking sector—including public, private, and foreign banks—rose to USD 2.50 trillion in the fiscal year 2020.
The banking and finance sector acts as the circulatory system of the global economy, facilitating business and trade across all regions of the world.
At Sakshaam Chambers, we have extensive experience in handling matters in the finance sector, including those related to banks, financial institutions, non-banking financial companies, modern fintech firms, and payment gateways. Our firm also boasts a dedicated team of banking and finance attorneys specializing in insolvency issues.
Our substantial expertise in banking and finance law allows us to provide legal support to our clients on a broad spectrum of issues, including:
Comprehensive understanding of the applicable State Land Laws in Karnataka, Tamil Nadu and Telangana
Due diligence of Real estate / Property documents, even those in local languages, to ensure compliance and mitigate risks
Advocating for parties in debt recovery actions before various judicial bodies, including debt recovery tribunals, civil courts, the High Court, and the Supreme Court of India.
Representing various financial institutions/entities before the National Company Law Tribunals and National Company Law Appellate Tribunal (NCLT and NCLAT) and guiding them through the insolvency process to successful resolution.
Securing relief for creditors or debtors confronted with legal challenges related to bankruptcy and insolvency.
Advising major financial creditors and/or debtors on claim filing processes under the Insolvency and Bankruptcy Code [IBC].
Representing corporations with distressed assets on restructuring initiatives, and advising individuals and/or corporate entities on restructuring financial obligations and assets.
Advising monitoring committees on the effective implementation of Resolution Plans.
Conducting training sessions and seminars for in-house legal teams on emerging trends in insolvency litigation and recent updates in the Insolvency and Bankruptcy Code [IBC].