Case Law Analysis
|Sikkim High Court
Section 14 SARFAESI Act | District Magistrate’s Possession Order Remains Enforceable Despite Subsequent DRT Stay : High Court of Sikkim
The High Court of Sikkim ruled that a District Magistrate’s order under Section 14 of the SARFAESI Act for taking possession of secured assets remains valid and enforceable even if a Debt Recovery Tribunal (DRT) later issues a stay. The court clarified that compliance with the District Magistrate’s order is not automatically suspended by interim DRT directives, ensuring banks can proceed with asset takeover unless expressly restrained.