Srfaesia and drt-clarification

Dear friends,

I think that under the abvove act, the bank can, at the most, take possession of the property mortgaged if it declares the loan as Npa and recover its dues from the auction of the property. Excess amount if any will be paid to the borrower or it will also be kept by the bank.

Further, the proceedings of DRT/SRFAESI are like civil courts or like criminal proceedings.