Advocates Can Be Appointed As Receivers U/S 14(1A) Of SARFAESI Act: Delhi HC [Read Judgment]

The Delhi High Court on Friday held that there is no bar on appointment of an Advocate as a 'Receiver' under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFAESI Act). Justice Rajiv Shakdher said that the District Magistrates and the CMMs were overburdened and thus, so long the discretion in...