https://www.taxtmi.com/caselaws?id=458333 The MP HC set aside a District Magistrate's order allowing possession of agricultural land under SARFAESI Act, 2002. The court held the order void ab initio as Section 31(i) of SARFAESI Act categorically excludes agricultural land from its provisions. Following SC precedent in ITC Limited v. Blue Coast Hotels Limited, the court ruled that since the Act was inapplicable to agricultural land, the magistrate's order was a nullity. The petitioners were not required to file an appeal against a void order. The bank was permitted to pursue other legal remedies for debt recovery. en-us Wed, 11 Sep 2019 00:00:00 +0530 Tue, 22 Oct 2024 20:29:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458333 The MP HC set aside a District Magistrate's order allowing possession of agricultural land under SARFAESI Act, 2002. The court held the order void ab initio as Section 31(i) of SARFAESI Act categorically excludes agricultural land from its provisions. Following SC precedent in ITC Limited v. Blue Coast Hotels Limited, the court ruled that since the Act was inapplicable to agricultural land, the magistrate's order was a nullity. The petitioners were not required to file an appeal against a void order. The bank was permitted to pursue other legal remedies for debt recovery. Case-Laws Indian Laws Wed, 11 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458333