https://www.taxtmi.com/caselaws?id=355709 Section 14 of the SARFAESI Act was construed to include an Additional Chief Metropolitan Magistrate because the CrPC scheme places the Chief Metropolitan Magistrate and Additional Chief Metropolitan Magistrate on the same footing in respect of judicial powers. The power under Section 14 was also held to be executory and administrative, not quasi-judicial adjudication between secured creditor and borrower, so the Magistrates acting under it are not persona designata. The statutory framework was read to permit authorisation of additional magistrates to exercise the same powers for expeditious disposal of applications. en-us Fri, 22 Dec 2017 00:00:00 +0530 Sat, 17 Feb 2018 06:43:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355709 Section 14 of the SARFAESI Act was construed to include an Additional Chief Metropolitan Magistrate because the CrPC scheme places the Chief Metropolitan Magistrate and Additional Chief Metropolitan Magistrate on the same footing in respect of judicial powers. The power under Section 14 was also held to be executory and administrative, not quasi-judicial adjudication between secured creditor and borrower, so the Magistrates acting under it are not persona designata. The statutory framework was read to permit authorisation of additional magistrates to exercise the same powers for expeditious disposal of applications. Case-Laws Indian Laws Fri, 22 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355709