register the property in the nominee name taken in public auction

Querist : Anonymous (Querist) 03 June 2011 This query is : Resolved
Sir

I've taken a house property in the SARFAESI ACT public auction conducted by a bank. Now i want to register the property directly into my nominee name due to insufficient of funds. He is ready to pay the total sum and ready to register.

Is there any possibility to do like this and if so, kindly let me know the SARFAESI ACT section details.

Thanks & regards

Satish.

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