Banking & Finance Law
The firm acts for scheduled commercial banks, non-banking finance companies, and asset reconstruction companies on debt resolution, recovery proceedings, and the documentation of structured finance arrangements.
The banking and finance practice at Lexacto & Co. is built on sustained engagement with regulated lenders and credit institutions. The firm advises on the full lifecycle of credit — from sanction documentation and security creation through monitoring, restructuring, enforcement, and recovery — and represents lenders in adjudicatory proceedings under the SARFAESI Act, the Recovery of Debts and Bankruptcy Act, and allied statutes.
Engagements span syndicated and bilateral facilities, working capital arrangements, and structured credit transactions. The firm's litigation bench appears regularly before the High Courts in writ proceedings arising from enforcement and recovery actions, as well as before Debts Recovery Tribunals and Debts Recovery Appellate Tribunals, with parallel advisory on regulatory compliance under the directions issued by the Reserve Bank of India.
Scope of Services
- Drafting and review of credit facility documentation, hypothecation deeds, mortgages, guarantees, and intercreditor arrangements
- Action under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI)
- Original applications and recovery proceedings before Debts Recovery Tribunals
- Cheque dishonour complaints and defence under Section 138 of the Negotiable Instruments Act, 1881
- Appellate proceedings before Debts Recovery Appellate Tribunals
- Writ representation in High Courts arising out of recovery and enforcement measures
- Advisory and representation for asset reconstruction companies on acquisition and resolution of financial assets
- Structured finance, securitisation, and assignment documentation
- Regulatory advisory on directions and circulars issued by the Reserve Bank of India
- Restructuring, one-time settlement, and out-of-court workouts
Forums & Authorities
The firm represents banks, NBFCs, and asset reconstruction companies before all forums in which credit recovery and enforcement matters are adjudicated.
- Delhi High Court and other High Courts in writ proceedings
- Civil and commercial courts on contractual recoveries
- Debts Recovery Tribunals (DRT) in New Delhi, Jaipur, Chandigarh, and Lucknow
- Debts Recovery Appellate Tribunal (DRAT), New Delhi
- National Company Law Tribunal in matters arising from corporate insolvency
- Reserve Bank of India in regulatory and supervisory engagements
Sectors Served
The practice acts for institutions across the regulated credit landscape and the broader financial services sector.
- Public sector and private sector scheduled commercial banks
- Non-banking finance companies, including housing finance and infrastructure finance entities
- Asset reconstruction companies
- Cooperative banks and small finance banks
- Foreign banks operating in India
- Borrower groups and corporate guarantors in restructuring engagements
Why Engage Lexacto & Co.
Lenders and credit institutions value the firm's capacity to combine deep procedural familiarity at the DRT and SARFAESI bar with a board-room sensibility on documentation and restructuring. Senior counsel lead each engagement and remain personally involved in strategy, hearings, and settlement negotiations.
The integrated practice connects banking and finance with insolvency, regulatory, and corporate teams within the firm, allowing clients to address recovery, resolution, and restructuring within a single coherent advisory framework — a pragmatism that institutional creditors find consistently dependable.