https://www.taxtmi.com/caselaws?id=353915 A writ of prohibition will not lie to restrain action under Section 14 of the SARFAESI Act unless there is a patent lack or excess of jurisdiction, violation of natural justice, or unconstitutional action. The court noted that the District Magistrate's role is to assist the secured creditor in taking possession of the secured asset, and that the statutory concepts of secured asset, secured debt, and security interest are broad enough to cover the mortgage created in favour of the bank. A challenge based on the petitioner's limited interest in the property did not defeat the authority's jurisdiction, and the writ petition was dismissed. en-us Wed, 06 Dec 2017 00:00:00 +0530 Mon, 15 Jan 2018 07:42:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353915 A writ of prohibition will not lie to restrain action under Section 14 of the SARFAESI Act unless there is a patent lack or excess of jurisdiction, violation of natural justice, or unconstitutional action. The court noted that the District Magistrate's role is to assist the secured creditor in taking possession of the secured asset, and that the statutory concepts of secured asset, secured debt, and security interest are broad enough to cover the mortgage created in favour of the bank. A challenge based on the petitioner's limited interest in the property did not defeat the authority's jurisdiction, and the writ petition was dismissed. Case-Laws Indian Laws Wed, 06 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353915