https://www.taxtmi.com/caselaws?id=312982 The time limit in Section 14 of the SARFAESI Act for the District Magistrate or Chief Metropolitan Magistrate to pass orders and deliver possession is directory, not mandatory. The provision was construed in light of the Act's object of enabling speedy recovery by secured creditors and regulating a public duty beyond the creditor's control. The use of "shall" was not treated as decisive, and expiry of the stipulated period does not divest jurisdiction, render the Section 14 remedy ineffective, or make the Magistrate functus officio. en-us Thu, 05 Nov 2020 00:00:00 +0530 Wed, 24 Dec 2025 16:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312982 The time limit in Section 14 of the SARFAESI Act for the District Magistrate or Chief Metropolitan Magistrate to pass orders and deliver possession is directory, not mandatory. The provision was construed in light of the Act's object of enabling speedy recovery by secured creditors and regulating a public duty beyond the creditor's control. The use of "shall" was not treated as decisive, and expiry of the stipulated period does not divest jurisdiction, render the Section 14 remedy ineffective, or make the Magistrate functus officio. Case-Laws Indian Laws Thu, 05 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312982