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P&H HC Rejected SARFAESI Section 14 Application Due to Unapproved Assignment Deed
Case Law Details
- Case Name
- ASREC (India) Ltd Vs State of Punjab And Ors (Punjab and Haryana High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Punjab and Haryana HC
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ASREC (India) Ltd Vs State of Punjab And Ors (Punjab and Haryana High Court)
The writ petition was filed under Articles 226 and 227 of the Constitution challenging an order dated 26.05.2024 passed by the Additional District Magistrate, Ludhiana, whereby an application under Section 14 of the SARFAESI Act, 2002 was dismissed. The petitioner sought quashing of the impugned order and a direction to the authority to pass an order under Section 14 without entering into any adjudicatory process and within a time-bound manner.
The case arose from credit facilities amounting to ₹7,97,24,000/- availe...
Author Info
I represented the borrower in the High Court