SHASHWAT SUMAN
Mumbai
Summary
Corporate Legal professional with 6+ years of experience in Banking & Financial Services, specializing in against-bank litigation, regulatory advisory, securities disputes, RBI compliance, recovery litigation, and litigation automation. Extensive experience before High Courts, Consumer Forums, SEBI/SAT, RBI, CIC, and in providing Board and senior management advisory. Proven capability in managing pan-India litigation portfolios, audits, vendor ecosystems, and data-driven legal and recovery strategies.
Overview
7
7
years of professional experience
Work History
Chief Manager – Corporate Legal
INDUSIND BANK LTD.
Mumbai
05.2023 - Current
- Handling critical and sensitive against-bank litigation for West Zone and select Pan-India matters.
- Managing securities-related disputes before SEBI and SAT.
- Handling RTI claims and appeals before RBI and CIC.
- Managing civil and criminal writ petitions and appeals before multiple High Courts.
- Providing legal support in investigations by Police Authorities, Cyber Cell, EOW, ED, and other enforcement agencies.
- Handling complaints and appeals before DCDRC, SCDRC and NCDRC.
- Managing litigation involving Key Managerial Personnel (KMPs) and senior management on civil and criminal sides.
- Advising Business Units, Recovery and Collections teams on complex legal and regulatory issues.
- Handling civil suits across diverse product portfolios including Mortgages, Pledge and Structured Lending.
- Drafting Advisory Notes, Board Notes, Guidelines and SOPs in alignment with RBI and regulatory mandates.
- Preparing Board and Committee presentations for senior leadership and the Board of Directors.
- Managing a large panel of advocates, senior counsels and Tier-1/Tier-2 law firms across jurisdictions.
- Leading litigation automation and digitisation initiatives in coordination with internal IT teams and external vendors.
Legal & Remedial Manager – Commercial & Rural Banking Group
HDFC BANK LTD.
12.2018 - 04.2023
- Managed pan-India legal, litigation, and recovery portfolio for the Rural Banking Group, covering courts, tribunals, and regulatory forums.
- Devised and executed a nationwide recovery strategy under Section 138 of the NI Act (BW/NBW/PO), covering 9,000+ customers and ₹900+ Cr outstanding, driving strong post-COVID recoveries.
- Handled against-bank litigation before High Courts, DRTs, Consumer Forums, Civil Courts, CMMs, Arbitrators, and other judicial authorities with consistently high success rates.
- Initiated and executed SARFAESI actions, including possession, auctions, and negotiated settlements, ensuring compliance and effective recoveries.
- Established and managed a robust complaint-handling framework, resolving 200+ escalations including PMO, CMO, and media cases with 100% resolution.
- Designed and implemented regulatory-compliant legal and recovery processes, successfully closing multiple internal and external audits with NIL adverse observations.
- Built performance monitoring, review, and analytics frameworks that enabled focused legal action and delivered 95% year-on-year recovery growth—the highest for the team.
- Led litigation automation and digitisation initiatives to meet statutory, audit, and regulatory requirements while improving operational efficiency.
- Built and managed a cost-efficient pan-India network of advocates and vendors, including manpower planning and team expansion through data-driven proposals.
- Provide strategic legal advisory to senior leadership and cross-functional teams, coordinating with police and government authorities for enforcement and recovery support.
Education
12th Boards - Science Stream
C.B.S.E.
01-2012
10th Boards -
C.B.S.E.
01-2010
B.A. LL.B. (Hons.) - Corporate Law
National University of Study & Research in Law (NUSRL)
RanchiSkills
- Corporate & Banking Litigation
- Regulatory Compliance
- Advisory
- Litigation Strategy
- Operations
- Stakeholder Management
- Vendor Management
- Leadership
- Analytics
Personal Information
Date of Birth: 08/08/95
Timeline
Chief Manager – Corporate Legal
INDUSIND BANK LTD.
05.2023 - Current
Legal & Remedial Manager – Commercial & Rural Banking Group
HDFC BANK LTD.
12.2018 - 04.2023
12th Boards - Science Stream
C.B.S.E.
10th Boards -
C.B.S.E.
B.A. LL.B. (Hons.) - Corporate Law
National University of Study & Research in Law (NUSRL)