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Secured Creditor Cannot Invoke Section 14 Of SARFAESI Act After Sale Of Secured Asset: Calcutta HC [Read Judgment]
Apoorva Mandhani
3 Sept 2017 10:15 PM IST
The Calcutta High Court, on Friday, ruled that a secured creditor cannot maintain an application under Section 14 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 after issuance of a sale certificate, in order to obtain actual physical possession of the property. Section 14 requires the Chief Metropolitan Magistrate or District...
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![Secured Creditor Cannot Invoke Section 14 Of SARFAESI Act After Sale Of Secured Asset: Calcutta HC [Read Judgment] Secured Creditor Cannot Invoke Section 14 Of SARFAESI Act After Sale Of Secured Asset: Calcutta HC [Read Judgment]](https://www.livelaw.in/cms/wp-content/uploads/2016/08/Calcutta-High-Court-1.jpg)
