RANJIT MORE, RANJANA DESAI
International Asset Reconstruction Company Private Limited – Appellant
Versus
Union of India (UOI) – Respondent
Ranjana Desai, J.
1. Criminal Writ Petition No. 184 of 2011 was filed by International Asset Reconstruction Company Private Limited, who is the Petitioner in the instant petition, praying that learned District Magistrates, Dadra & Nagar Haveli, Silvassa be directed to pass appropriate orders u/s 14(1) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short, "the SARFAESI Act") for taking possession of the secured assets and for handing over the same to the Petitioners. It was noticed by the Division Bench of this Court presided over by A.M. Khanwilkar, J. that the subject matter of the application u/s 14 of the SARFAESI Act had been disposed of. Learned Counsel for the Petitioner, however, submitted that a number of such applications are pending before the courts across the State and since public money is involved, appropriate directions need to be issued to the concerned Magistrates asking them to dispose of the said applications expeditiously. The said petition was, therefore, permitted to be converted into public interest litigation and has been renumbered as Public Interest Litigation No. 24 of 2011.
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