Chief Judicial Magistrate competent to process request of Secured Creditor under Section 14 of SARFAESI Act, Supreme Court

Chief Judicial Magistrate competent to process request of Secured Creditor under Section 14 of SARFAESI Act, Supreme Court

The Supreme Court has held that the Chief Judicial Magistrate is competent to process the request of the secured creditor to take possession of the secured asset under Section 14 of the Securitisation and Reconstruction of Financial Assets and  Enforcement of Security Interest Act, 2002 (SARFAESI Act).

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