{"id":238612,"date":"2020-11-06T04:11:06","date_gmt":"2020-11-05T22:41:06","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=238612"},"modified":"2020-11-12T10:16:34","modified_gmt":"2020-11-12T04:46:34","slug":"does-the-remedy-under-section-14-of-sarfaesi-act-becomes-redundant-if-dm-is-unable-to-take-possession-of-secured-assets-within-time-limit-read-what-sc-says","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/06\/does-the-remedy-under-section-14-of-sarfaesi-act-becomes-redundant-if-dm-is-unable-to-take-possession-of-secured-assets-within-time-limit-read-what-sc-says\/","title":{"rendered":"Does the remedy under Section 14 of SARFAESI Act becomes redundant if DM is unable to take possession of secured assets within time limit? Read what SC says"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Supreme Court<\/strong>: The 3-judge bench of L. Nageswara Rao, <strong>Hemant Gupta*<\/strong> and Ajay Rastogi, JJ has upheld Kerala High Court\u2019s decision holding that <a href=\"http:\/\/www.scconline.com\/DocumentLink\/Ffp4PrnH\">Section 14<\/a> of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) mandating the District Magistrate to deliver possession of a secured asset within 30 days, extendable to an aggregate of 60 days upon reasons recorded in writing, is a directory provision.<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #008000;\"><strong>Object of SARFAESI Act<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">It was noticed that the SARFAESI Act was enacted to provide a machinery for empowering banks and financial institutions, so that they may have the power to take possession of secured assets and to sell them. This was done after Recovery of Debts due to Banks and Financial Institutions Act, 1993, which was first enacted to streamline the recovery of public dues, did not give desirous results.<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #008000;\"><strong>Does inability to take possession of secured assets within time limit renders the District Magistrate <em>Functus Officio<\/em>?<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">Taking note of this objective of the SARFAESI Act in mind, the Court noticed that the time limit to take action by the District Magistrate has been fixed to impress upon the authority to take possession of the secured assets. However, inability to take possession within time limit does not render the District Magistrate <em>Functus Officio<\/em>.<\/p>\n<p style=\"text-align: justify;\">Interpreting <a href=\"http:\/\/www.scconline.com\/DocumentLink\/Ffp4PrnH\">Section 14<\/a> of the SARFAESI Act, the Court said that<\/p>\n<p style=\"text-align: center;\"><span style=\"color: #800080;\"><strong>\u201c\u2026 the secured creditor has no control over the District Magistrate who is exercising jurisdiction under Section 14 of the Act for public good to facilitate recovery of public dues. Therefore, Section 14 of the Act is not to be interpreted literally without considering the object and purpose of the Act. If any other interpretation is placed upon the language of Section 14, it would be contrary to the purpose of the Act.\u201d<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">The Court noticed that the time limit is to instill a confidence in creditors that the District Magistrate will make an attempt to deliver possession as well as to impose a duty on the District Magistrate to make an earnest effort to comply with the mandate of the statute to deliver the possession within 30 days and for reasons to be recorded within 60 days. Hence, the remedy under <a href=\"http:\/\/www.scconline.com\/DocumentLink\/Ffp4PrnH\">Section 14<\/a> of the Act is not rendered redundant if the District Magistrate is unable to handover the possession. The District Magistrate will still be enjoined upon, the duty to facilitate delivery of possession at the earliest.<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #008000;\"><strong>Limitations on power of High Courts to pass interim orders <\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">On the issue of borrowers and other aggrieved persons invoking the jurisdiction of the High Court under Articles 226 or 227 of the Constitution of India without availing the alternative statutory remedy, the Court said that though the High Courts are well aware of the limitations in exercising their jurisdiction when affective alternative remedies are available, but a word of caution would still be necessary for the High Courts that<\/p>\n<p style=\"text-align: center;\"><strong><span style=\"color: #800080;\">&#8220;&#8230; interim orders should generally not be passed without hearing the secured creditor as interim orders defeat the very purpose of expeditious recovery of public money.&#8221;<\/span><\/strong><\/p>\n<p style=\"text-align: justify;\">[C. Bright v. District Collector, <a href=\"http:\/\/www.scconline.com\/DocumentLink\/Y7ubWGOv\"><b>2020 SCC OnLine SC 909<\/b><\/a>, decided on 05.11.2020]<\/p>\n<hr \/>\n<p><strong>*Justice Hemant Gupta has penned this judgment<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Supreme Court: The 3-judge bench of L. Nageswara Rao, Hemant Gupta* and Ajay Rastogi, JJ has upheld Kerala High Court\u2019s decision holding <\/p>\n","protected":false},"author":121,"featured_media":154914,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,9],"tags":[4871,16121,3596,43986,33486],"class_list":["post-238612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casebriefs","category-supremecourt","tag-debt-recovery","tag-district-magistrate","tag-SARFAESI","tag-secured-asset","tag-secured-creditor"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Does the remedy under Section 14 of SARFAESI Act becomes redundant if DM is unable to take possession of secured assets within time limit? 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Abdul Nazeer and Krishna Murari, JJ., addressed a pertinent issue of whether the rent act would come to the aid of a \u201ctenant in sufferance\u201d. Instant appeals were directed against the Orders passed by the Chief Metropolitan Magistrate, Esplanade, Mumbai rejecting the application\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/07\/MicrosoftTeams-image-7-1.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/07\/MicrosoftTeams-image-7-1.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/07\/MicrosoftTeams-image-7-1.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/07\/MicrosoftTeams-image-7-1.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/07\/MicrosoftTeams-image-7-1.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":366699,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/11\/14\/sarfaesi-act-secured-creditor-not-bear-for-police-assistance-expense-in-getting-possession-of-secured-assets-raj-hc\/","url_meta":{"origin":238612,"position":2},"title":"Section 14 SARFAESI Act | Magistrate cannot direct secured creditor to bear police assistance expense in getting secured assets&#8217; possession: Rajasthan High Court","author":"Editor","date":"November 14, 2025","format":false,"excerpt":"\u201cThe police directed the petitioner to deposit Rs 6,34,383 for providing police assistance in taking possession of the secured asset whereas the loan amount to be recovered was only Rs 9,90,000.\u201d","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"police expense in getting possession of secured assets","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/police-expense-in-getting-possession-of-secured-assets.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/police-expense-in-getting-possession-of-secured-assets.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/police-expense-in-getting-possession-of-secured-assets.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/police-expense-in-getting-possession-of-secured-assets.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":207180,"url":"https:\/\/www.scconline.com\/blog\/post\/2018\/12\/24\/chief-judicial-magistrate-is-authorized-to-entertain-applications-under-section-14-of-the-sarfaesi-act-2002-kerala-hc\/","url_meta":{"origin":238612,"position":3},"title":"Chief Judicial Magistrate is authorized to entertain applications under Section 14 of the SARFAESI Act, 2002: Kerala HC","author":"Bhumika Indulia","date":"December 24, 2018","format":false,"excerpt":"Kerala High Court: A Single Judge Bench comprising of Devan Ramachandran, J. dismissed a civil writ petition calling into question the statutory competence of a Chief Judicial Magistrate (CJM) to act under the provisions of Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":272627,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/08\/30\/bombay-hc-s-14-sarfaesi-act-empowers-designated-authority-assist-secured-creditors-possession-secured-assets-legal-updates\/","url_meta":{"origin":238612,"position":4},"title":"Bombay High Court| S. 14 of SARFAESI Act empowers the Designated Authority only to assist secured creditors in taking possession of secured assets and nothing more","author":"Editor","date":"August 30, 2022","format":false,"excerpt":"Bombay High Court: While deciding the instantwrit petition wherein the issue was regarding transgression of Additional District Magistrate's jurisdiction under Section 14 of the SARFAESI Act; the Division Bench of A.S. Doctor and K.R. Shriram, JJ., observed that the jurisdiction of the Designated Authority under Section 14 of the SARFAESI\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"Bombay High Court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/Bombay-HC.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/Bombay-HC.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/Bombay-HC.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/Bombay-HC.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2022\/02\/Bombay-HC.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":358279,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/08\/29\/ph-hc-directs-execution-of-order-under-section-14-sarfaesi-act\/","url_meta":{"origin":238612,"position":5},"title":"Sitting on files due to non-prescription of time frame for execution of Section 14 order frustrates object of SARFAESI Act: Punjab &amp; Haryana HC","author":"Editor","date":"August 29, 2025","format":false,"excerpt":"\u201cNon-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\u201d.","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"execution of order under S. 14 SARFAESI Act","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/08\/execution-of-order-under-S.-14-SARFAESI-Act.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/08\/execution-of-order-under-S.-14-SARFAESI-Act.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/08\/execution-of-order-under-S.-14-SARFAESI-Act.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/08\/execution-of-order-under-S.-14-SARFAESI-Act.webp?resize=700%2C400&ssl=1 2x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/238612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/121"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=238612"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/238612\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/154914"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=238612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=238612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=238612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}