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.