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    <title>2012 (6) TMI 42 - HIGH COURT OF BOMBAY</title>
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    <description>A District Magistrate or Collector acting under Section 14 of the SARFAESI Act performs only a limited, non-adjudicatory verification, confined to checking service of the Section 13(2) notice and territorial jurisdiction of the secured asset. No inquiry into the merits of the secured creditor&#039;s claim is permissible at that stage, and the borrower and third parties retain the remedy under Section 17. Because the pending applications had been delayed repeatedly, the revenue authority was directed to proceed in accordance with law and dispose of both pending and future Section 14 applications expeditiously.</description>
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