https://www.taxtmi.com/caselaws?id=264817 Under Section 14 of the SARFAESI Act, the District Magistrate is not required to issue prior notice or grant a hearing to the borrower before acting on the secured creditor's application. The Court also held that compliance is satisfied when the Magistrate directs the secured creditor to take possession with police assistance, and there is no need for the Magistrate to personally take possession of the secured asset. On the facts, the borrowers had not challenged the demand notice and had remained in default for years, so the Section 14 order was upheld. en-us Mon, 03 Aug 2015 00:00:00 +0530 Sat, 03 Oct 2015 11:39:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264817 Under Section 14 of the SARFAESI Act, the District Magistrate is not required to issue prior notice or grant a hearing to the borrower before acting on the secured creditor's application. The Court also held that compliance is satisfied when the Magistrate directs the secured creditor to take possession with police assistance, and there is no need for the Magistrate to personally take possession of the secured asset. On the facts, the borrowers had not challenged the demand notice and had remained in default for years, so the Section 14 order was upheld. Case-Laws Companies Law Mon, 03 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264817