The Court issued directions to streamline the disposal of applications filed under Section 14 of the SARFAESI Act and to effectuate the intent of the legislation.
The court directed the authorities to allow the actor-model to avail the SVLDR Scheme which was denied for a technical reason that amount paid had been reversed due to expiry of challan for which was not Rampal’s fault.
The Bombay High Court has directed the sales tax commissioner to determine the applicability of VAT on road tax, insurance premiums, and octroi duty.The division bench of Justice Nitin Jamdar and.
As per Section 14 of the SARFAESI Act, the Chief Metropolitan Magistrate or District Magistrate has an obligation to assist secured creditors in taking possession of the secured asset. After filing such a plea, the magistrate forwards it to the secured creditor for further action.