Even if the prescribed time limit u/s 14 of SARFAESI has passed over and the District Magistrate could not handover possession of the secured asset, still the District Magistrate or the Chief Metropolitan Magistrate, as the case may be, will be enjoined upon the duty to facilitate the delivery of possession at the earliest – Asset Reconstruction Company India Ltd. Vs. State of U.P. And 4 Others – Allahabad High Court

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Even if the prescribed time limit u/s 14 of SARFAESI has passed over and the District Magistrate could not handover possession of the secured asset, still the District Magistrate or the Chief Metropolitan Magistrate, as the case may be, will be enjoined upon the duty to facilitate the delivery of possession at the earliest – Asset Reconstruction Company India Ltd. Vs. State of U.P. And 4 Others – Allahabad High Court Read Post »