Siddharth Saroha is a Senior Associate at Centralis Law Firm and a key member of the firm's Banking and Financial Law Practice. With a focused and in-depth understanding of India’s financial regulatory landscape, Siddharth brings extensive experience in handling complex disputes and litigation involving banks, financial institutions, and corporate borrowers.
He has successfully represented clients before the Debt Recovery Tribunals (DRT) and Debt Recovery Appellate Tribunals (DRAT) across jurisdictions, handling matters related to loan defaults, asset recovery, enforcement of security interests under the SARFAESI Act, and other banking-related enforcement proceedings. His practical command over financial litigation enables him to craft robust strategies that are not only legally sound but also commercially viable.
Siddharth regularly appears on behalf of public and private sector banks, NBFCs, asset reconstruction companies, and corporate entities in a wide range of proceedings under key financial statutes including:
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act)
The Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (RDDBFI Act)
The Insolvency and Bankruptcy Code, 2016 (IBC) – particularly in recovery and enforcement scenarios
The Negotiable Instruments Act, 1881, especially cheque bounce cases under Section 138
His work encompasses everything from initiating recovery actions, drafting legal notices, responding to borrower defenses, and managing parallel proceedings in civil courts, commercial courts, and High Courts, to assisting with negotiations and settlements in default and restructuring cases. Siddharth is particularly adept at balancing the technical demands of financial law with the practical needs of clients, often helping to minimize risks and expedite recoveries.
In addition to his tribunal and court work, Siddharth advises on issues related to loan documentation, enforcement of personal and corporate guarantees, mortgage disputes, and legal due diligence for secured lending. He also works closely with enforcement agencies and legal departments of financial institutions in strategizing and implementing asset recovery mechanisms.
Known for his meticulous preparation, persuasive advocacy, and deep statutory knowledge, Siddharth is a trusted advisor for institutional clients looking to navigate the evolving challenges of financial regulation, recovery litigation, and enforcement law in India.
At Centralis Law Firm, Siddharth plays a critical role in enhancing the firm’s Banking & Financial Law vertical, offering clients not just legal expertise but practical, end-to-end solutions in high-stakes financial matters.