Case Law Analysis
|Karnataka High Court
SARFAESI Act | Possession Under Section 14 Does Not Automatically Entitle Khata Entry; Revenue Authorities Must Consider Representations Within 3 Months : Karnataka HC
Karnataka High Court clarifies that lenders taking possession under SARFAESI Act must still follow administrative due process for Khata issuance. Revenue authorities are mandated to consider representations within three months, reinforcing that possession does not equate to ownership in revenue records. The ruling underscores the distinction between secured creditor rights and revenue record updates, impacting financial institutions and borrowers alike.
