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ALLAHABAD HIGH COURT
Rajesh Singh Chauhan, J
Bank of Baroda v. State of U.P.
| Table of Content |
|---|
| 1. timely disposal of applications under s.14 of the sarfaesi act. (Para 1 , 2) |
| 2. highlights delays due to lack of representation. (Para 3) |
| 3. court emphasizes the ministerial nature of s.14 proceedings. (Para 4 , 5 , 6 , 7 , 8 , 9) |
| 4. no notice required to borrower or third parties under s.14. (Para 10 , 11 , 12) |
| 5. supreme court affirms high court decision regarding s.14. (Para 14 , 15 , 16) |
| 6. s.14 proceedings do not involve adjudicatory process. (Para 19) |
| 7. order for timely disposal and implementation of s.14 orders. (Para 28 , 29 , 30) |
1. Heard.
2. Yet another petition under Art.226 of the Constitution of India by a Bank seeking disposal of its application under S.14 of the SARFAESI Act, 2002 (the Act, 2002) which has remained pending before the District Magistrate, Amethi since 2022. Every day such petitions are filed before this Court where Banks or financial institutions seek disposal of their applications filed under S.14 of the Act, 2002 which have remained pending for long. The very purpose of having a separate procedure for recovery of loan etc. under the Act, 2002 and providing a separate forum for adjudication of disputes was that such matters were to be exp
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