https://www.taxtmi.com/caselaws?id=257224 District Magistrate's order granting police assistance under section 14 of the SARFAESI Act was upheld because the record showed consideration of the secured creditor's papers, notice to the borrower, and default in repayment; no material fact essential to the application was shown to have been ignored. On abatement of the BIFR reference under the Sick Industrial Companies Act, the text states that only creditors falling within the SARFAESI definition of "secured creditor" are counted for section 13(9) and the third proviso to section 15. As the invoking creditors held more than 60% in value, the statutory threshold was met and the pending reference abated. en-us Tue, 23 Dec 2014 00:00:00 +0530 Thu, 05 Mar 2015 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257224 District Magistrate's order granting police assistance under section 14 of the SARFAESI Act was upheld because the record showed consideration of the secured creditor's papers, notice to the borrower, and default in repayment; no material fact essential to the application was shown to have been ignored. On abatement of the BIFR reference under the Sick Industrial Companies Act, the text states that only creditors falling within the SARFAESI definition of "secured creditor" are counted for section 13(9) and the third proviso to section 15. As the invoking creditors held more than 60% in value, the statutory threshold was met and the pending reference abated. Case-Laws Indian Laws Tue, 23 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257224