Magistrate Cannot Direct Secured Creditor To Bear Police Expenses While Taking Possession Of Secured Asset: Rajasthan High Court

The Rajasthan High Court at Jaipur has recently ruled that a Magistrate cannot direct a secured creditor to deposit expenses for police assistance while taking possession of a secured asset under Section 14 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). A single-judge bench of Justice Ashutosh Kumar made the...