#Possession of Secured Assets

MP High Court rules that mere issuance of a Section 14 order under SARFAESI Act does not fulfill statutory compliance-banks must ensure physical possession of secured assets within 30 days. Non-compliance empowers borrowers to challenge enforcement actions, reinforcing lenders' administrative duty beyond judicial directives.

Rajasthan High Court grants borrower 10 days to deposit Rs.5 lakh and 15 days to approach DRAT before bank can seize property, affirming procedural fairness in SARFAESI proceedings.