https://www.taxtmi.com/caselaws?id=458334 Section 14 of the SARFAESI Act permits the CMM to assist a secured creditor in taking physical possession of secured assets, but it does not authorise the CMM to impose a separate time limit on the receiver for completing possession; such a restriction was held unsustainable and set aside. A civil court injunction or status quo order passed in a third-party suit does not bind a secured creditor who was not impleaded, because such orders operate only against parties to the suit and cannot curtail statutory enforcement under SARFAESI. The contrary refusal to proceed on that basis was also set aside. en-us Thu, 09 Dec 2021 00:00:00 +0530 Tue, 22 Oct 2024 20:29:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458334 Section 14 of the SARFAESI Act permits the CMM to assist a secured creditor in taking physical possession of secured assets, but it does not authorise the CMM to impose a separate time limit on the receiver for completing possession; such a restriction was held unsustainable and set aside. A civil court injunction or status quo order passed in a third-party suit does not bind a secured creditor who was not impleaded, because such orders operate only against parties to the suit and cannot curtail statutory enforcement under SARFAESI. The contrary refusal to proceed on that basis was also set aside. Case-Laws Indian Laws Thu, 09 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458334