Sarfaesi Act 2002

Analysis of Section 14 of the SARFAESI Act 2002

Introduction  Section 14 of the SARFAESI Act, 2002 states the power of the Chief Metropolitan Magistrate (CMM) and District Magistrate (DM) to assist secured creditor in taking possession of secured assets. According to section 14 of the Act when the secured creditor takes possession of the secured asset or wants to sell or transfer any secured assets as per the…

Continue Reading