Question

Under Section 14 of the SARFAESI Act, 2002, when a magistrate passes an order for possession of secured assets, what is the nature of the magistrate's function?

A Adjudicatory - examining and deciding all legal disputes
B Judicial - applying substantive law to facts
C Ministerial/Non-adjudicatory - verifying procedural compliance only
D Advisory - merely recommending possession
E Supervisory - monitoring post-possession compliance
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)