https://www.taxtmi.com/caselaws?id=458389 MP HC quashed District Magistrate's order under SARFAESI Act, 2002 regarding agricultural land. Court held the order was void ab initio as Section 31(i) of SARFAESI Act explicitly excludes agricultural land from its provisions. Though petitioners had remedy to approach Debt Recovery Tribunal, forcing them to appeal a void order was unjustified. Bank remains free to pursue other legal remedies for debt recovery. Writ petition allowed. en-us Fri, 29 May 2020 00:00:00 +0530 Thu, 24 Oct 2024 19:42:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458389 MP HC quashed District Magistrate's order under SARFAESI Act, 2002 regarding agricultural land. Court held the order was void ab initio as Section 31(i) of SARFAESI Act explicitly excludes agricultural land from its provisions. Though petitioners had remedy to approach Debt Recovery Tribunal, forcing them to appeal a void order was unjustified. Bank remains free to pursue other legal remedies for debt recovery. Writ petition allowed. Case-Laws Indian Laws Fri, 29 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458389