https://www.taxtmi.com/caselaws?id=755991 Under the SARFAESI Act, a Magistrate's power to assist in taking possession of a secured asset is territorially confined to the district where the asset is situated, so an order passed outside that jurisdiction is invalid. A borrower or aggrieved person challenging measures taken under Section 13(4), including the legality of the possession order, should ordinarily invoke the statutory remedy before the Debts Recovery Tribunal under Section 17. The petition was disposed of on that basis, while the impugned order was kept suspended for a limited period to enable recourse to the Tribunal. en-us Fri, 09 Feb 2024 00:00:00 +0530 Thu, 25 Jul 2024 08:04:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755991 Under the SARFAESI Act, a Magistrate's power to assist in taking possession of a secured asset is territorially confined to the district where the asset is situated, so an order passed outside that jurisdiction is invalid. A borrower or aggrieved person challenging measures taken under Section 13(4), including the legality of the possession order, should ordinarily invoke the statutory remedy before the Debts Recovery Tribunal under Section 17. The petition was disposed of on that basis, while the impugned order was kept suspended for a limited period to enable recourse to the Tribunal. Case-Laws Indian Laws Fri, 09 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755991