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For acquisition  of property, Joint ventures,   commercial property,  to purchase residential property such as  house and flat  and for setting up of industry, every individual  or group of persons will avail the loans from bank I;e over drat or regular loan  from various Banks   in India by mortgaging their  property.  If he/they obtain loan from various bank they pay installments as per schedule fixed by the bank.   For any reason in the person or group persons do not pay the installments   as per schedule the account will become (NPA) Non-performing asset account. After becoming NPA account the Bank will give notice under securitization and reconstruction of financial assets and enforcement of security interest Act,2002. After taking various steps under the said act. The Bank will auction the property.

To safe guard the property the defaulter has to approach DRT (debt recovery Tribunal ) if fails in DRT as  to file appeal before DRAT (debt recovery appellate Tribunal) if fails in DRAT as approach High Courts, if fails in High Court as to file SLP before the  Supreme Court India.

WHEN YOU NEED A LEGAL ASSISTANCE OF A LAWYER FOR PROTECTION OF YOUR RIGHTS AEQUITASJURIS REAL ESTATE LEGAL SERVICES IS HERE TO HELP.