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    <title>2010 (7) TMI 284 - HIGH COURT OF BOMBAY</title>
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    <description>Power under section 14 of the SARFAESI Act is limited to assisting the secured creditor in taking possession after verifying service of the section 13(2) notice and jurisdictional facts; it does not authorise adjudication of rival claims or the nature of the secured asset. Agricultural land exclusion under section 31(i) must be raised before the appropriate forum under the Act, not in section 14 proceedings. Once an assistance order is made, the Magistrate becomes functus officio on that issue, and section 21 of the General Clauses Act cannot be used to review, modify, or rescind it. The impugned cancellation order was therefore quashed.</description>
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    <pubDate>Mon, 05 Jul 2010 00:00:00 +0530</pubDate>
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      <title>2010 (7) TMI 284 - HIGH COURT OF BOMBAY</title>
      <link>https://www.taxtmi.com/caselaws?id=113482</link>
      <description>Power under section 14 of the SARFAESI Act is limited to assisting the secured creditor in taking possession after verifying service of the section 13(2) notice and jurisdictional facts; it does not authorise adjudication of rival claims or the nature of the secured asset. Agricultural land exclusion under section 31(i) must be raised before the appropriate forum under the Act, not in section 14 proceedings. Once an assistance order is made, the Magistrate becomes functus officio on that issue, and section 21 of the General Clauses Act cannot be used to review, modify, or rescind it. The impugned cancellation order was therefore quashed.</description>
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      <pubDate>Mon, 05 Jul 2010 00:00:00 +0530</pubDate>
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