Provision of SARFAESI Act empowering DMs to attach secured assets of borrowers directory: SC

Section 14 of the SARFAESI Act mandates District Magistrate to deliver possession of a secured asset within 30 days, extendable to an aggregate of 60 days upon reasons recorded in writing, to banks.

from Banking/Finance-Industry-Economic Times https://ift.tt/3p1K7cX