Topic

Section 14

Section 14 of the SARFAESI Act empowers secured creditors to seek possession of secured assets through a District Magistrate after obtaining an order from the Debt Recovery Tribunal.

29 articlesLatest 6 days ago
Section 14 SARFAESI Act | District Magistrate Cannot Adjudicate Third-Party Rights on Subsequent Sale : Chhattisgarh HC
Case Law Analysis
|Chhattisgarh High Court

Section 14 SARFAESI Act | District Magistrate Cannot Adjudicate Third-Party Rights on Subsequent Sale : Chhattisgarh HC

The Chhattisgarh High Court held that a District Magistrate's role under Section 14 of the SARFAESI Act is strictly ministerial and does not extend to adjudicating third-party rights or title disputes arising from subsequent sales. The court set aside the DM's order rejecting the secured creditor's application on the ground of a subsequent sale, directing fresh disposal within 30 days.

SARFAESI Act Section 14 | HFC Barred from Enforcing Security Interest for Debt Below Rs 20 Lakh Threshold : Calcutta HC
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.

Section 14 IBC Contribution Order Valid Without Section 66 Finding | NCLAT
Case Law Analysis
|National Company Law Appellate Tribunal

Section 14 IBC Contribution Order Valid Without Section 66 Finding | NCLAT

NCLAT ruled that a contribution order under Section 14 of the IBC can be imposed without a prior Section 66 finding, and that a Section 74 direction is only a reference now rendered moot by amendment. This means directors and resolution professionals may be liable for contributions during the moratorium even absent a default finding.

Section 14 SARFAESI Act | Magistrates May Not Adjudicate Borrower Affidavits - Role Is Strictly Ministerial : Bombay HC
Case Law Analysis
|Bombay High Court

Section 14 SARFAESI Act | Magistrates May Not Adjudicate Borrower Affidavits - Role Is Strictly Ministerial : Bombay HC

The Bombay High Court has ruled that Magistrates handling Section 14 SARFAESI applications must act in a purely ministerial capacity, with no authority to entertain borrower affidavits or conduct adjudication. This closes a procedural loophole that delayed enforcement and reinforces secured creditors' statutory right to swift asset recovery without judicial delay.

Section 14 Child Labour Act | Mere Participation in Election Rally Without Proof of Age or Continuous Engagement Not 'Employment' : Karnataka HC
Case Law Analysis
|Karnataka High Court

Section 14 Child Labour Act | Mere Participation in Election Rally Without Proof of Age or Continuous Engagement Not 'Employment' : Karnataka HC

Karnataka High Court quashed proceedings under Section 14 of the Child Labour Act, ruling that sporadic participation in an election rally-without evidence of age or sustained employment-does not constitute 'employment' of children. The judgment reinforces that criminal liability under the Act requires proof of exploitative engagement, not incidental presence.

Section 14 Indian Ports Act, 1908 | Vessel Owner Alone Liable for Wreck Removal; Charterer and Cargo Owner Exempt: Bombay HC
Case Law Analysis
|Bombay High Court

Section 14 Indian Ports Act, 1908 | Vessel Owner Alone Liable for Wreck Removal; Charterer and Cargo Owner Exempt: Bombay HC

The Bombay High Court has ruled that under Section 14 of the Indian Ports Act, 1908, only the registered vessel owner bears legal responsibility for wreck removal - not time charterers or cargo owners. This clarifies a critical boundary in maritime liability, protecting commercial stakeholders from unforeseen statutory obligations and mandating the Mumbai Port Trust to refund ₹4.09 crore deposited by the petitioner.

Section 14 SARFAESI Act | District Magistrate Must Decide Applications Within 60 Days or Face Writ Jurisdiction : CGHC
Case Law Analysis
|Chhattisgarh High Court

Section 14 SARFAESI Act | District Magistrate Must Decide Applications Within 60 Days or Face Writ Jurisdiction : CGHC

Chhattisgarh High Court mandates that District Magistrates must dispose of SARFAESI Act Section 14 applications within 60 days, failing which secured creditors can invoke writ jurisdiction. The ruling underscores that statutory timelines are mandatory and prolonged inaction without recorded reasons violates creditors' rights under the Act.

Section 14 SARFAESI Act | Tahsildar’s Statutory Duty to Execute Possession Orders Within 30 Days Mandatory Despite Pending DRT Challenge : Chhattisgarh HC
Case Law Analysis
|Chhattisgarh High Court

Section 14 SARFAESI Act | Tahsildar’s Statutory Duty to Execute Possession Orders Within 30 Days Mandatory Despite Pending DRT Challenge : Chhattisgarh HC

Chhattisgarh High Court holds that a Tahsildar must execute a Section 14 SARFAESI Act possession order within 30 days, even if the borrower has filed a Section 17 application before the DRT, unless a stay order is granted. The ruling reinforces that statutory duties under the SARFAESI Act cannot be deferred on procedural grounds, ensuring timely asset recovery for secured creditors.