Magistrate order under Section 14 SARFAESI Act cannot be quashed by High Court under Section 482 CrPC: Supreme Court

A division bench of Justices AS Bopanna and MM Sundresh observed that only remedies under the SARFAESI Act can be availed against an order passed under Section 14 of the SARFAESI Act.
Supreme Court
Supreme Court

The Supreme Court on Thursday held that a magistrate's order under Section 14 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 (SARFAESI Act) cannot be quashed by High Courts under Section 482 of the Code of Criminal Procedure (CrPC). [MS Phoenix Arc Private Limited v. V Ganesh Murthy and Another]

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