Npa

Hello Sir, My father had a business for which he had availed a loan by mortgaging a property that is solely owned by my mother. We received SARFAESI Act. Notice from the DM office in Feb 2018 per which the account was flagged NPA way back in 2014 and they have not yet taken the possession of the property. We have approached the bank and have got a positive response. The bank has continued to charge interest on the NPA account and it has inflated to 24 lakhs against mortgage property of 55- 60 Lakhs. Myself and my brother are salaried individuals and are planning to settle the amount (Full Principal + Interest till account was flagged NPA) Our father is now untraceable and absconding. We will shortly be proceeding with the negotiations, could you please guide us if above settlement will be accepted by the bank? Our mother is a senior citizen and has no source of income. Myself, my brother and our mother have had no role to play in this business nor made any monetary gains from it. Please guide and provide your expert opinion so that we can get rid of this unwanted burden in the most economical manner.