#Asset Reconstruction Company

The Delhi High Court held a writ petition maintainable against an ARC for alleged fraud in security-interest creation, despite SARFAESI’s remedy. It directed exclusion of the petitioner’s one-third share from the e-auction.

The Madhya Pradesh High Court mandates that District Collectors must issue and execute possession orders under Section 14 of the SARFAESI Act within four weeks of receipt, enforcing strict timelines to prevent delays in asset recovery by ARC entities. This ruling strengthens procedural accountability and ensures timely enforcement of secured creditors' rights under the Act.