https://www.taxtmi.com/caselaws?id=274989 The Supreme Court allowed the appeals, overturning the High Court's judgment. It ruled that a secured creditor can directly invoke Section 14 without first attempting possession under Section 13(4) of the SARFAESI Act. Compliance with Rule 8 is not mandatory when seeking possession through the Magistrate under Section 14. An appeal under Section 17 is available post-possession, safeguarding the borrower's right to challenge actions. The Magistrate's order was upheld as the affidavit filed by the secured creditor was deemed sufficient, dismissing objections raised by the Respondent. en-us Thu, 22 Aug 2013 00:00:00 +0530 Fri, 14 Jul 2023 10:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274989 The Supreme Court allowed the appeals, overturning the High Court's judgment. It ruled that a secured creditor can directly invoke Section 14 without first attempting possession under Section 13(4) of the SARFAESI Act. Compliance with Rule 8 is not mandatory when seeking possession through the Magistrate under Section 14. An appeal under Section 17 is available post-possession, safeguarding the borrower's right to challenge actions. The Magistrate's order was upheld as the affidavit filed by the secured creditor was deemed sufficient, dismissing objections raised by the Respondent. Case-Laws Indian Laws Thu, 22 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274989