https://www.taxtmi.com/caselaws?id=767669 Section 14 of the SARFAESI Act requires the Chief Metropolitan Magistrate or District Magistrate to act within thirty days, extendable to sixty days for recorded reasons, but the timeline is directory rather than mandatory; expiry of that period does not render the authority functus officio or extinguish jurisdiction. The provision must be read in light of the Act's object of expeditious enforcement of security interests, so administrative delay cannot defeat the secured creditor's application. On the jurisdiction objection, the writ was not dismissed on a technical ground; the matter was directed to be converted to the appellate side and renumbered so it could be decided on merits. en-us Mon, 03 Mar 2025 00:00:00 +0530 Sat, 22 Mar 2025 08:34:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767669 Section 14 of the SARFAESI Act requires the Chief Metropolitan Magistrate or District Magistrate to act within thirty days, extendable to sixty days for recorded reasons, but the timeline is directory rather than mandatory; expiry of that period does not render the authority functus officio or extinguish jurisdiction. The provision must be read in light of the Act's object of expeditious enforcement of security interests, so administrative delay cannot defeat the secured creditor's application. On the jurisdiction objection, the writ was not dismissed on a technical ground; the matter was directed to be converted to the appellate side and renumbered so it could be decided on merits. Case-Laws Indian Laws Mon, 03 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767669