Case Law Analysis
|Chhattisgarh High Court
SARFAESI Act Section 14 | District Magistrate Must Decide Applications Within 60 Days or Face Invalidity : CGHC
Chhattisgarh High Court rules that District Magistrates must decide SARFAESI Act Section 14 applications within 60 days, failing which any extension without written reasons is invalid. The judgment underscores strict compliance with statutory timelines, impacting secured creditors and borrowers in enforcement proceedings.