https://www.taxtmi.com/caselaws?id=113315 Section 14 assistance for taking possession of secured assets was treated as an enabling, non-adjudicatory step in aid of enforcement under the SARFAESI framework, so no separate notice under section 13(4) or additional natural justice hearing was required at that stage. The borrower's remedies under sections 17 and 18 remained available against actual enforcement measures, and the writ challenge failed. The assignment of the debt to a reconstruction company was also upheld because section 5 permits acquisition of financial assets with overriding effect, making the assignee competent to enforce the security interest as lawful transferee of the secured creditor's rights. en-us Mon, 29 Mar 2010 00:00:00 +0530 Mon, 13 Oct 2014 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113315 Section 14 assistance for taking possession of secured assets was treated as an enabling, non-adjudicatory step in aid of enforcement under the SARFAESI framework, so no separate notice under section 13(4) or additional natural justice hearing was required at that stage. The borrower's remedies under sections 17 and 18 remained available against actual enforcement measures, and the writ challenge failed. The assignment of the debt to a reconstruction company was also upheld because section 5 permits acquisition of financial assets with overriding effect, making the assignee competent to enforce the security interest as lawful transferee of the secured creditor's rights. Case-Laws Companies Law Mon, 29 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113315