https://www.taxtmi.com/caselaws?id=458305 The statutory scheme under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act excludes civil court interference where the dispute concerns enforcement of a secured creditor's security interest, save in narrow exceptional cases such as fraud or patently untenable claims. Orders passed in private civil suits do not bind a secured creditor unless it is impleaded and specifically restrained, and a prior secured charge prevails over a later attachment before judgment. The District Magistrate under section 14 performs only an administrative, non-adjudicatory function to assist possession, confined to verifying the affidavit's factual requirements, with grievances to be pursued under section 17. en-us Mon, 06 Sep 2021 00:00:00 +0530 Sun, 20 Oct 2024 17:28:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458305 The statutory scheme under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act excludes civil court interference where the dispute concerns enforcement of a secured creditor's security interest, save in narrow exceptional cases such as fraud or patently untenable claims. Orders passed in private civil suits do not bind a secured creditor unless it is impleaded and specifically restrained, and a prior secured charge prevails over a later attachment before judgment. The District Magistrate under section 14 performs only an administrative, non-adjudicatory function to assist possession, confined to verifying the affidavit's factual requirements, with grievances to be pursued under section 17. Case-Laws Indian Laws Mon, 06 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458305