New India Roadways, a company in the infrastructure and real estate space, made what seemed like a solid investment in 2021 — an auctioned property worth ₹4.5 crore in Girgaon, Mumbai, acquired from Punjab National Bank under the SARFAESI Act.
On paper, everything looked right.
In reality, nothing moved.
Soon after the purchase, the previous owner challenged the auction process in the Debt Recovery Tribunal (DRT), claiming it wasn’t conducted properly. Based on this, a stay order was issued.
That one order changed everything.
Despite having paid ₹4.5 crore, New India Roadways couldn’t take possession of the property. They couldn’t sell it, use it, or move forward with any plans. What was supposed to be an asset turned into a completely blocked investment.
The dispute persisted for years, with no clear path to resolution.
In 2024, they approached Tara Lendquest LLP.
This wasn’t just a legal issue — it was a multi-party deadlock. The key was to understand why it was stuck for so long.
Instead of jumping straight into legal proceedings, the team first broke the problem down:
• Where exactly was the blockage — legal validity, documentation, or resistance from the previous owner?
• What were the risks for each party involved?
• And most importantly, what outcome would be acceptable to everyone?
Once this clarity was established, the focus shifted to controlled execution.
The team worked closely with legal experts to strengthen the position under the SARFAESI framework, while simultaneously opening communication channels with all stakeholders — Punjab National Bank, their legal team, the previous owner, and their lawyers.
Rather than letting the matter depend only on court timelines, the strategy was to move discussions parallelly outside the courtroom.
This meant:
• Aligning the bank’s position with the legal standing of the auction
• Addressing the concerns raised by the previous owner
• Creating a path where resolution was faster than prolonged litigation
It wasn’t one big breakthrough — it was a series of small, consistent moves that finally pushed the case forward.
And within 4–5 months, the deadlock broke.
The DRT stay was lifted.
The dispute with the previous owner was resolved.
The Sale Certificate was properly registered.
And most importantly, New India Roadways received clear possession of the property.
A ₹4.5 crore asset that had been stuck for 4 years was finally unlocked.
Situations like these don’t always need years of litigation — they need the right strategy and execution at the right time.
That’s where Tara Lendquest LLP steps in — helping businesses navigate complex financial and legal challenges and move forward with clarity.