Lawcovery
Client Outcomes

Results That Speak

A selection of recovery mandates handled by Lawcovery for India's banking and financial institutions. All outcomes are verified and reported net of legal costs.

Note: Client names and identifying details have been anonymised or presented with consent in accordance with professional confidentiality obligations. Outcomes reflect specific mandates and are not indicative of results in future matters.

01

Leading Public Sector Bank

Scheduled Commercial BankWestern India
SARFAESI + DRT

The Challenge

A large public sector bank approached Lawcovery with a portfolio of 14 NPA accounts in the MSME segment, with aggregate outstanding of ₹87 Cr. Prior counsel had filed DRT applications on six accounts but proceedings had stalled for over 18 months with no interim relief. The remaining eight accounts had no active legal proceedings despite security interests being in place.

Our Approach

Lawcovery conducted a full portfolio audit, identifying SARFAESI eligibility across all 14 accounts. We filed possession notices under Section 13(2) on 11 accounts simultaneously, while reviving the stalled DRT proceedings with fresh interim applications for attachment before judgement. A coordinated enforcement calendar was established to prevent borrowers from forum-shopping or obtaining stays across multiple courts.

Outcome

Within 14 months, Lawcovery secured physical possession of secured assets on 9 accounts, with auction proceedings initiated on 7. Total recovery achieved: ₹61.4 Cr against principal outstanding of ₹87 Cr — a recovery rate of 70.6%. DRT decrees were obtained on all six previously stalled accounts, with execution proceedings ongoing for the balance.

“Lawcovery brought a level of strategic coordination we had not seen from previous counsel. The simultaneous SARFAESI and DRT approach prevented borrowers from delaying proceedings and delivered results within a timeframe our board found credible.”

— Deputy General Manager — Recovery, Western Region

Recovery Achieved

₹61.4 Cr

Recovery Rate

70.6%

Timeframe

14 months

02

Mid-Sized Private NBFC

Non-Banking Financial CompanyPan-India
IBC / NCLT

The Challenge

A mid-sized NBFC held financial creditor exposure of ₹43 Cr to a real estate developer that had defaulted across multiple lenders. The developer had pre-emptively filed for voluntary liquidation under the Companies Act to avoid IBC proceedings, and other creditors were pursuing fragmented civil suits with no coordination. The NBFC's security — a first charge over commercial property — was at risk of being subordinated in the liquidation waterfall.

Our Approach

Lawcovery filed an application under Section 7 of the IBC before the NCLT, challenging the voluntary liquidation and establishing the NBFC's status as a financial creditor with priority security interest. We coordinated with two other secured creditors to form a consolidated creditor bloc, ensuring representation on the Committee of Creditors and preventing the resolution plan from being structured to dilute secured creditor recoveries.

Outcome

The NCLT admitted the Section 7 application and stayed the voluntary liquidation. A resolution professional was appointed and a CIRP was initiated. The approved resolution plan provided for full recovery of the NBFC's principal of ₹43 Cr plus 60% of accrued interest — a total realisation of ₹51.8 Cr. The matter was resolved within the statutory CIRP timeline.

“The IBC route was not straightforward given the developer's attempt to use voluntary liquidation as a shield. Lawcovery's insolvency team understood the legal landscape precisely and protected our position at every stage of the CIRP.”

— Chief Risk Officer, NBFC

Recovery Achieved

₹51.8 Cr

Recovery Rate

Principal + 60% interest

Timeframe

Within CIRP timeline

03

Asset Reconstruction Company

Asset Reconstruction Company (ARC)Northern India
Portfolio Enforcement

The Challenge

An ARC had acquired a portfolio of 31 NPA accounts from a private sector bank at a significant discount, with aggregate face value of ₹124 Cr. The portfolio included a mix of secured and unsecured accounts across retail, MSME, and mid-corporate segments. Prior enforcement attempts by the originating bank had been largely unsuccessful, with several borrowers having obtained stays from civil courts against SARFAESI proceedings.

Our Approach

Lawcovery undertook a full legal health check of the portfolio, categorising accounts by enforceability, security quality, and borrower profile. We vacated civil court stays on 8 accounts by challenging the maintainability of the injunctions under the SARFAESI Act's non-obstante clause. For the mid-corporate accounts, we filed fresh DRT applications with strengthened evidence packages. Guarantor proceedings were initiated in parallel on 12 accounts where personal guarantees had not previously been enforced.

Outcome

Over 22 months, Lawcovery achieved recovery or resolution on 24 of 31 accounts. Total cash recovery: ₹89.3 Cr against face value of ₹124 Cr. The ARC's blended recovery rate across the portfolio exceeded its acquisition model projections by 18 percentage points, delivering a materially stronger return on the portfolio investment.

“We have worked with several law firms on ARC portfolio mandates. Lawcovery is the only firm that approached the portfolio as a whole — with a strategy, a timeline, and accountability for outcomes rather than just filings.”

— Head of Legal & Recovery, ARC

Recovery Achieved

₹89.3 Cr

Recovery Rate

72% of face value

Timeframe

22 months

04

Housing Finance Company

Housing Finance CompanySouthern India
SARFAESI — Residential

The Challenge

A housing finance company held a portfolio of 58 residential mortgage NPAs with aggregate outstanding of ₹34 Cr — primarily in the affordable housing segment. The accounts were geographically dispersed across three states, and prior SARFAESI notices had been challenged by borrowers in multiple District Courts, creating a fragmented litigation landscape that had effectively frozen enforcement for over two years.

Our Approach

Lawcovery mapped the litigation landscape across all three states and filed consolidation applications before the respective High Courts to transfer related matters to a single forum in each state. We engaged local counsel under our supervision for on-ground enforcement, while managing all High Court and DRT proceedings centrally. A borrower communication protocol was established to identify accounts where negotiated settlement was viable, reducing the contested litigation load.

Outcome

Lawcovery resolved 41 of 58 accounts within 18 months — 19 through negotiated settlement with structured repayment, 22 through SARFAESI enforcement and auction. Total recovery: ₹26.1 Cr. The consolidated litigation approach reduced the HFC's active court matters from 34 to 6, materially lowering ongoing legal costs.

“The geographic complexity of our portfolio had made enforcement feel impossible. Lawcovery's approach — consolidating litigation and running settlement and enforcement in parallel — was exactly what we needed. The results exceeded our internal projections.”

— Vice President — Legal, Housing Finance Company

Recovery Achieved

₹26.1 Cr

Recovery Rate

76.8% of outstanding

Timeframe

18 months

Across All Mandates

Aggregate Track Record

₹500 Cr+
Total Recovered
Across all mandates
85%+
Average Recovery Rate
Against principal outstanding
2,000+
Cases Handled
DRT, SARFAESI, IBC & civil
50+
Institutional Clients
Banks, NBFCs, ARCs, HFCs

Discuss Your Recovery Portfolio

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