Legal Question in Banking Law in India

Hello sir. Gd mg. Has there been a recent judgement by the Hon' ble Supreme Court in regard to powers of CJMs u/s 14 of Sarfaesai Act that they are NOT empowered to order for physical possession of mortgaged properties. If so what is the alternative proposed or suggested. Please enlighten.


Asked on 9/01/13, 9:15 pm

2 Answers from Attorneys

Fca Prashant Chavan Expert Edge LLP

02.09.2013

Dear Sir / Madam,

Good morning !

Sorry. There's no such judgement by the Supreme Court limiting the powers of the Chief Judicial Magistrates and I personally have my doubts whether there ever will be any such judgement in the upcoming future. There's no question of any alternative when the status quo is maintained.

Regards,

Read more
Answered on 9/01/13, 10:11 pm
KarVai Legal Solutions Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi www.karvai.in

legal research needs to be conducted on the above issue.

Adv. Rajiv

Read more
Answered on 9/03/13, 9:21 am


Related Questions & Answers

More Banking Law questions and answers in India