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Arun Antony (Director)     06 May 2012

Drt / sarfaesi auction sale

Hi everyone

 

I would like to clarify the following. 

1) Does the successful bidder in a SARFAESI / DRT auction have the right to get the property registered in anyone's name or is there a condition that the sale has to be registered in bidder's name itself? How is the Sale certificate issued in these cases?

2) Also is there any restriction on participating in an auction in the name of a company rather than as an individual?

Any help in pointing in the right direction is greatly appreciated.

Thanks

Arun



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