Can the District Magistrate issue a notice to the Borrower for disposing of an application u/s 14 of SARFAESI Act, 2002, filed by a Bank – ICICI Home Finance Company Ltd. Vs. State of Chhattisgarh and Ors. – Chhattisgarh High Court
January 23, 2025
In this case, the Bank an application under Section 14 of the SARFAESI Act, 2002 before District Magistrate. District Magistrate issued a notice to borrower. The Bank filed writ petition seeking a direction towards the District Magistrate to withdraw the decision of issuing the notice to the borrower and to proceed in accordance with Section 14 of the SARFAESI Act, 2002, assisting in providing rightful possession of the mortgaged property to the petitioner bank within the stipulated period of 30 days as prescribed under the Act of 2002.