Once an account is declared NPA by the lender, there is a need for settling the matter amicably so as to avoid unnecessary litigation and other costs. One Time Settlement (OTS) is an opportunity for the Company to avoid third party interest being created in the securities placed with the Bank.
We help our clients:
- Devise a plan
- Structure the OTS
- Raise necessary funds
- Negotiate repayment schedule
- Ensure step-by-step release of securities on OTS
All of this while adhering to the RBI/ Bank Guidelines.