online property auction

Real estate

What Bidders Must Know About DRT Court-Ordered Bank Auctions

When financial institutions recover defaulted debts through formal judicial proceedings, sales are frequently managed under the oversight of a Debt Recovery Tribunal (DRT). For investors, property lawyers, and institutional buyers, understanding the distinction between a direct SARFAESI auction conducted by a bank officer and a DRT-supervised auction is essential. While both mechanisms serve to liquidate Non-Performing Assets (NPAs), a DRT-managed…