Case Law Analysis
|Calcutta High Court
Section 14(2) SARFAESI Act | Interlocutory NPA Classification Not Binding; Magistrate’s Extension of Possession Order Execution Time Valid Despite Procedural Imprecision : Calcutta HC
Calcutta High Court rules that a Debts Recovery Tribunal’s interim observation on NPA classification is tentative and does not bind parties at the final hearing. The Court also affirms that a Chief Judicial Magistrate can extend the execution time for a possession order under Section 14(2) of the SARFAESI Act, even if the procedural terminology used is imprecise, ensuring flexibility in enforcement.