Remedy u/s 14 of SARFAESI Act not rendered redundant if District Magistrate unable to handover possession

C. Bright Vs District Collector & Ors. (Supreme Court)

Whether the time limit of 30 days which is further extendable by a further period 30 days for a District Collector to secure the possession of a secured asset is mandatory or directory?

The challenge in the present appeal is to an order passed by the Division Bench of the Kerala High Court of 19.7.2019, whereby it was held that Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement

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