C.A. No. 007554 - 007555 / 2019
CHIEF MANAGER, AUTHORISED OFFICER SBI AND ANR vs T.C. RAMADOSS AND ORS. ETC
Status
DISPOSED
Judges
HON'BLE MR. JUSTICE A.M. KHANWILKAR and HON'BLE MR. JUSTICE DINESH MAHESHWARI
Order Date
23-09-2019
Filed On
26-03-2015 03:37 PM
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AI Summary
Under Section 14 of the SARFAESI Act, 2002, the Chief Judicial Magistrate in non-metropolitan areas is competent to process a secured creditor's request for possession of secured assets, as the CJM and CMM are functionally equivalent and interchangeable in their respective territorial jurisdictions, and purposive interpretation of the provision must advance the legislative object of expeditious debt recovery.