Question
Under Section 14 of the SARFAESI Act, 2002, the Chief
Metropolitan Magistrate or District Magistrate shall assist secured creditor by:Solution
Section 14 of the SARFAESI Act, 2002 streamlines recovery by empowering CMM/DM to pass possession orders upon secured creditor's application, backed by affidavit/evidence of default and security interest. Magistrates cannot examine debt merits but execute possession through police/receivers, bypassing protracted civil litigation.
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