https://www.taxtmi.com/caselaws?id=187698 Section 14 proceedings under the SARFAESI Act are confined to assisting the secured creditor in taking possession of a secured asset; the Magistrate cannot adjudicate the merits of disputes about the property's character or the loan transaction. The Kerala High Court stated that the only limited enquiry is whether the asset is a secured asset, while the question whether the property is excluded as agricultural land under Section 31(i) must be decided by the appropriate forum under the Act. The Magistrate therefore lacks jurisdiction to determine the Section 31(i) objection in Section 14 proceedings. en-us Mon, 29 Jun 2009 00:00:00 +0530 Thu, 03 Nov 2016 11:19:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187698 Section 14 proceedings under the SARFAESI Act are confined to assisting the secured creditor in taking possession of a secured asset; the Magistrate cannot adjudicate the merits of disputes about the property's character or the loan transaction. The Kerala High Court stated that the only limited enquiry is whether the asset is a secured asset, while the question whether the property is excluded as agricultural land under Section 31(i) must be decided by the appropriate forum under the Act. The Magistrate therefore lacks jurisdiction to determine the Section 31(i) objection in Section 14 proceedings. Case-Laws Companies Law Mon, 29 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187698