Section 14 SARFAESI Act

execution of order under S. 14 SARFAESI Act
Case BriefsHigh Courts

“Non-Performing Assets are a huge burden on the public exchequer, banking and financial system, and, thus, prompt enforcement of recovery mechanism under the SARFAESI Act is paramount for liquidity in the system”.

secured assets possession to Axis Bank
Case BriefsHigh Courts

“Once an order has been passed under Section 14 of the SARFAESI Act, the authorities are required to act in pursuance of the same and as per the provisions of the Act. The mechanism used by the borrowers to wiggle out of their liability cannot be countenanced by us.”