This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Section 14(1A) of SARFAESI not bars appointment of advocates as receivers
Case Law Details
- Case Name
- Rahul Chaudhary Vs Andhra Bank and Ors. (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Rahul Chaudhary Vs Andhra Bank and Ors. (Delhi High Court)
The insertion of sub-section (1A) in Section 14 of SARFAESI Act, the only change that has been brought about is that the District Magistrate/CMM has now the discretion to appoint even their subordinate officers as receivers. Pertinently, sub-section (1A) of Section 14 does not bar the appointment of advocates as receivers. The same position obtains vis-à-vis Rule 8(3) of The Security Interest (Enforcement) Rules, 2002, which has been cited in the aforementioned judgment of the Bombay High Court.
FULL TEXT OF THE HIGH COURT ORDER / JUD...
