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Karan S. Thukral: Leading Banking & Finance Lawyer in India

The Indian banking and financial sector is highly regulated and frequently changing. Businesses, individuals, and NRIs often face challenges like loan defaults, recovery actions, SARFAESI proceedings, cheque bounce cases, insolvency under IBC, and cross-border finance disputes. At Thukral Law Associates, we provide end-to-end legal solutions covering both litigation and advisory for banking and finance matters. Whether you are a borrower seeking protection, a lender initiating recovery, or an NRI navigating cross-border financing, our lawyers ensure timely, enforceable, and result-

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Our Testimonial

Thukral Law associates are one of the most presumed law offices in India on purpose. The associates and the staff are exceptionally proficient and effectively agreeable. Mr. Thukral himself handles the cases with complete transparency and uprightness. My case was dealt with well overall and I was refreshed at each progression of the procedures.

Mr. Raj Bahadur

Extremely Professional and Charismatic Lawyer having highly impressive drafting & arguing skills. Also, the transparency level they have with their clients is just great despite of the fact that they are running an International Law firm.

Mr. Mohit Gupta

I stay in US, the office lawyers were available and the communication with Mr.Thukral was exceptionally professional and smooth. Communication plays a vital role for a client to discuss a matter from time to time with his Attorney and in my case it was absolutely praiseworthy. I can’t thank Mr.Thukral enough.

Mr. Ishpreet Singh

Banking & Finance Law at Thukral Law Associates

Why Banking & Finance Law Matters

● Strict regulatory timelines under SARFAESI and IBC.
● Complex compliance under RBI and SEBI frameworks.
● High-value disputes can affect credit ratings, reputation, and business continuity.
● Cross-border finance often involves FEMA restrictions and repatriation rules.
● Expert legal guidance ensures effective recovery or defence.

Our Banking & Finance Practice Areas

Debt Recovery & Enforcement

● Representation before Debt Recovery Tribunals (DRT/DRAT).
● Execution of decrees, attachment of assets, and settlements.
● Acting for both lenders and borrowers.

SARFAESI Proceedings

● Advising banks and borrowers under the SARFAESI Act, 2002.
● Challenging illegal possession notices and auctions.
● Obtaining interim stays to protect assets.

Insolvency & Bankruptcy (IBC)

● Representing financial/operational creditors, corporate debtors, and resolution professionals.
● Filing insolvency petitions before NCLT/NCLAT.
● Defending companies against admission of insolvency.
● Drafting resolution plans and advising Committee of Creditors (CoC).

Loan & Credit Disputes

● Loan restructuring and settlement negotiations.
● Disputes over interest rates, repayment schedules, and guarantees.
● Personal guarantor liability cases.

Cheque Bounce & Negotiable Instruments

● Section 138 NI Act cases for individuals and companies.
● Defence and prosecution in high-value cheque dishonour disputes.

Banking Fraud & White-Collar Crime

● Cases of forgery, misappropriation, embezzlement, cyber banking fraud.
● Representation in criminal courts, SFIO, and enforcement directorates.

Regulatory & Compliance

● RBI compliance, FEMA regulations, and SEBI obligations.
● Advisory for NBFCs, fintech companies, and foreign lenders.
● Guidance on cross-border lending, repatriation, and overseas direct investments.

NRI & Cross-Border Finance Services

We provide NRIs with comprehensive banking facilitation services, including:

● Account Opening in India without visiting: Through our partnerships with reputed banks, we enable NRIs to open accounts remotely, ensuring convenience and compliance.
● Remittance Management: Seamless facilitation of remittances from Indian bank accounts to foreign accounts in compliance with FEMA and RBI regulations.
● Investment Advisory: Structuring investments and returns through NRE/NRO accounts.
● Cross-Border Loan Disputes & Enforcement: Representation in cases where funds are lent or borrowed internationally.
● Repatriation of Funds: Advisory on moving capital gains, dividends, or other income abroad.

Explanative Note: These services allow NRIs to manage their financial affairs in India smoothly, without needing to travel. We ensure full compliance with RBI/FEMA, while protecting clients from unnecessary hurdles.

Our Process (Step-by-Step)

Consultation & Review: Assess financial agreements, defaults, or notices.
Case Strategy: Decide between DRT, SARFAESI, IBC, or civil courts.
Filing & Defence: Draft petitions, replies, and secure interim protection.
Negotiation & Settlement: Pursue restructuring or one-time settlements where viable.
Enforcement: Execute decrees, auction assets, or secure repayment.
NRI Facilitation: Open accounts, manage remittances, and provide compliance support remotely.

Why Choose Thukral Law Associates

● Comprehensive scope: Banking + finance litigation + corporate overlaps.
● Proven record: Representation before NCLT, DRT, DRAT, High Courts, and Supreme Court.
● Speed & precision: Urgent interim reliefs in SARFAESI and IBC proceedings.
● NRI-focused: Account opening, remittance, compliance, and asset recovery services.
● End-to-end service: Advisory, documentation, compliance, and litigation.

Typical Scenarios We Handle

● Borrower facing imminent SARFAESI auction, seeking stay and restructuring.
● Bank filing recovery case before DRT for non-performing assets.
● NRI requiring facilitation of bank account opening in India without travel.
● NRI client transferring funds from India to foreign accounts under FEMA.
● Corporate guarantor defending insolvency petition at NCLT.
● High-value cheque bounce litigation under NI Act.
● Business under RBI investigation for FEMA violations.

FAQs

Q1. Can banks take possession of property without court order?

Yes, under SARFAESI, but borrowers can challenge unlawful actions before DRT.

Q2. How long does IBC resolution take?

Statutory timelines are 180–330 days, though delays occur; strict adherence is expected.

Q3. Can NRIs open bank accounts in India remotely?

Yes. Through our facilitation with reputed banks, NRIs can open accounts without travelling to India.

Q4. Can NRIs remit funds abroad from Indian accounts?

Yes, subject to FEMA rules. We ensure compliance and smooth transfers.

Q5. What happens if I default on a loan?

Banks may initiate SARFAESI or IBC proceedings; legal defences and restructuring can mitigate risks.

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Need banking or finance legal help? From SARFAESI to IBC to NRI account opening and remittance services, our lawyers act fast to secure your financial interests. Contact us today.

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