DM must Disposes Applications filed by Secured Creditor u/s 14 of SARFAESI Act without delay if all Prerequisites are Complied: Bombay HC grants 30 days for Disposal

DM - must - disposes - applications - Creditor - us - 14 - SARFAESI - Act - prerequisites - are - complied - Bombay - HC - TAXSCAN

In a recent ruling, a Division Bench of Bombay High Court directed the district magistrate to dispose of the applications filed by the secured creditor under section 14 of Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 within 30 days. The district magistrate ought to consider the application without delay…

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