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CJM working in non-metropolitan area can assist secured creditor to take possession

The Allahabad High Court in Abhishek Mishra vs State Of U.P. has held that the Chief Judicial Magistrate exercising jurisdiction in non-metropolitan area in exercise of powers conferred on by Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002, can assist a secured creditor in taking possession of the secured asset and pass an order in the creditor’s favour for the purpose.

Article referred: http://www.livelaw.in/cjm-working-non-metropolitan-area-can-assist-secured-creditor-take-possession-allahabad-hc/

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