Case Law Analysis
|Calcutta High Court
SARFAESI Act Section 14 | HFC Barred from Enforcing Security Interest for Debt Below Rs 20 Lakh Threshold : Calcutta HC
Calcutta High Court quashed eviction orders under SARFAESI Act Section 14 where an HFC sought possession for a Rs 16.56 lakh debt, below the Rs 20 lakh jurisdictional floor for NBFCs/HFCs. The court ruled the Magistrate lacked jurisdiction, directing restoration of possession within 15 days and affirming the threshold as a mandatory precondition for enforcement.