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Assets on Auction/ Sale by Banks, Debts Recovery Tribunal (DRT), State Financial Corporation (SFCs), Financial Institutions (FIs), Official Liquidators (OLs) and other secured creditors under SRFAESI Act, Debts Recovery Tribunal Act, State Financial Corporation Act, Companies Act etc...
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  • Title :: Auction purchasers beware -Auction Notice under SRFAESI Act should contain mandatory details
    Brief :: Those looking for great buys at the auctions being conducted by Banks and FIs should be careful about the auction notices. The auction notice issued under SRFAESI Act requires certain mandatory information. These are crucial to the very notice itself. Non inclusion of the data in the notice is fatal to the auction itself.

    Read Full News ........

    Brief :: Buying properties at bank auctions is extremely sensible, profitable and at the same time gives a title deed that has been duly vetted and validated by judicial authorities. All for FREE! But you need to take the right steps in the right for locating the right property.

    For details Read Full News ........

    Title :: To challenge an Auction follow the procedure
    Brief :: Any person aggrieved by an auction conducted by the Recovery Officer can challenge it. Appeal against an auction should be made as per procedure prescribed in Schedule-II of the IT Act it. Following any other methodology may not bear any fruit.

    Read Full News ........

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