If the bank does provide details of the recovery so far, can the DRT give them authority to attach personal properties which have not been pledged to the loan. Also, how will the bank come to know who owns what property ?
DRT does not give authority to bank to attach personal properties which have not been mortgaged to bank. It attaches on its own and appoints a receiver to sell the property and credit the proceeds to the loan account of the borrower. Borrowers give details of Assets and Liabilities in the form of statement while availing loan facility. That is one source. Another is bank can appoint private detective agency and gather details about properties owned by borrowers.
Suppose one of the partners sells his property before DRT serves notice of attaching personal property, does the sale become void ?
Before the property is sold the bank can alert the DRT that such and such property is being planned to be sold off by borrower hence interim orders may be issued avoiding him from selling off those properties. However after property is sold there is nothing much DRT can do.
If the amount of loan to be recovered is less than Rs. 10 lacs then Civil court will collect the dues from borrower, instead of DRT.