Case Law Analysis
|Bombay High Court
Section 14 SARFAESI Act | Bombay HC Mandates 30-Day Disposal of Magistrate Applications for Secured Creditors
Bombay High Court reaffirms that applications under Section 14 of the SARFAESI Act must be disposed of within 30 days, directing Magistrates to comply with the timeline or face writ jurisdiction. The ruling underscores judicial intolerance for delays in secured creditor rights enforcement, impacting banking and finance litigation strategies.