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High Court

Bombay High Court Directs Police to Provide Aid for Taking Possession Under Section 14 of SARFAESI Act. Bank's Application Allowed as Police Failed to Assist Court Commissioner Despite Magistrate's Order.

22 Oct 2018

The petitioner, Corporation Bank, had advanced loan facilities to M/s. Ankur Iron India Private Limited, which defaulted in repayment. The Bank initia...

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High Court

Bombay High Court Directs District Magistrate to Dispose of SARFAESI Section 14 Application Within Statutory Time Limit — Amendment (44 of 2016) Mandates 30-Day Disposal. The court held that the District Magistrate must pass an order on an application under Section 14 of the SARFAESI Act within 30 days, extendable to 60 days, and the amendment applies to pending proceedings.

21 Nov 2016

The petitioner, Edelweiss Asset Reconstruction Company Limited, a financial institution registered under the SARFAESI Act, filed a writ petition befor...

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  • 108
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High Court

Bombay High Court Directs Magistrate to Implement SARFAESI Order for Bank Possession. Chief Metropolitan Magistrate Bound to Execute Section 14 Order for Taking Physical Possession of Secured Assets with Police Assistance.

10 Jun 2011

The petitioner, Kotak Mahindra Bank Limited, a banking company as defined in Clause 5 of the Banking Regulation Act, 1949, filed a criminal writ petit...

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