Elixir provides comprehensive legal and compliance advisory services to ensure banks adhere strictly to the provisions of the SARFAESI Act, 2002. Before initiating any recovery action, it is critical to verify whether the account qualifies as a Non-Performing Asset (NPA) and if the security interest is valid and enforceable. Elixir assists banks in legal due diligence, examining loan documentation, mortgage registration, and lien creation to assess if all prerequisites are met for SARFAESI action. The firm also provides expert opinions on borrower classification, the legality of notices, and the strategy to be followed. Timely and accurate legal guidance ensures that banks avoid procedural lapses that may lead to litigation delays or rejection by DRT.