Case Law Analysis
|Jharkhand High Court
Section 14 SARFAESI Act | District Magistrate Must Act Within 30 Days; Prolonged Inaction Frustrates Legislative Intent : Jharkhand HC
Jharkhand High Court holds that District Magistrates must dispose of Section 14 SARFAESI Act applications within 30 days, failing which secured creditors can seek judicial intervention. The ruling underscores that statutory timelines are mandatory, and delays defeat the Act’s purpose of expeditious asset recovery.