Question

Under Section 14 of the SARFAESI Act, 2002, a secured creditor seeking assistance to take possession of secured assets must approach which authority?

A A secured creditor seeking assistance to take possession of secured assets must make an application to the Registrar of Assurances of the district in which the property is situated
B The application for assistance to take possession of secured assets must be preferred before the Commissioner of Police of the city where the secured asset is located
C The secured creditor seeking assistance to take possession of secured assets must approach the Chief Metropolitan Magistrate or the District Magistrate within whose jurisdiction the secured asset or other documents are situated
D The secured creditor must apply to the Debts Recovery Tribunal for assistance in taking physical possession of the secured assets
E An application for assistance to take possession of secured assets may be entertained only by the Chief Judicial Magistrate having jurisdiction over the place where the assets are located
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