Bombay High Court Quashes Order of Sub Divisional Magistrate Under Section 14 of SARFAESI Act Due to Excess of Jurisdiction. The Court Holds That the District Magistrate's Role Is Limited to Verifying Territorial Jurisdiction and Service of Section 13(2) Notice, and Any Grievances Must Be Raised Under Section 17 Before DRT.
30 Aug 2011The petitioner, an Asset Reconstruction Company registered under Section 3 of the Securitisation and Reconstruction of Financial Assets and Enforcemen...
