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