https://www.taxtmi.com/caselaws?id=187697 Section 14 of the SARFAESI Act is a procedural, non-adjudicatory mechanism that enables the Magistrate to assist the secured creditor in taking possession of secured assets, subject to satisfaction that statutory preconditions such as notice under section 13(2) and identifiable secured property are met. In a non-metropolitan area, the Chief Judicial Magistrate was treated as having the same territorial function as the Chief Metropolitan Magistrate for this purpose. The provision was also read to include incidental and implied powers, allowing appointment of a Commissioner and use of other effective steps, including police assistance, to secure possession. en-us Wed, 13 Aug 2008 00:00:00 +0530 Sun, 10 Dec 2023 15:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187697 Section 14 of the SARFAESI Act is a procedural, non-adjudicatory mechanism that enables the Magistrate to assist the secured creditor in taking possession of secured assets, subject to satisfaction that statutory preconditions such as notice under section 13(2) and identifiable secured property are met. In a non-metropolitan area, the Chief Judicial Magistrate was treated as having the same territorial function as the Chief Metropolitan Magistrate for this purpose. The provision was also read to include incidental and implied powers, allowing appointment of a Commissioner and use of other effective steps, including police assistance, to secure possession. Case-Laws Companies Law Wed, 13 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187697