HIGH COURT OF GUJARAT
BIREN VAISHNAV, J
SHRIRAM HOUSING FINANCE LTD. THROUGH ITS AUTHORIZED OFFICER MOHMMADSHAFIQ SHEIKH – Appellant
Versus
THE DISTRICT MAGISTRATE AND DISTRICT COLLECTOR – Respondent
SPECIAL CIVIL APPLICATION NO. 22798 of 2019
| Table of Content |
|---|
| 1. discussion on statutory compliance under sarfaesi. (Para 1 , 2) |
| 2. court directive for timely adjudication. (Para 3 , 4) |
| 3. final order for application to be heard within stipulated time. (Para 5 , 6) |
ORDER
1. Mr.Prerak Oza, learned advocate for the petitioner has invited my attention to the prayers made in this petition. The prayers read as under:
2. The anxiety of the petitioner – Bank is that, though an application under Section 14 of the Act has been filed in the month of August, 2019, the application is still pending for adjudication though there is a statutory time limit within which it has to be decided.
3. Mr.Oza, learned advocate has invited my attention to the order of this Court in Special Civil Application No.15159 of 2019 dated 12.9.2019 which reads as under:
2. He invited my attention to the order passed by this Court wherein, identical prayers have been made. The order dated 05.02.2018 passed in Special Civil Application No.2052 of 2018 by (Coram:R.M.Chhaya, J) reads as under:
2. By way of this petition, the petitioners have prayed for appropriate direction to respondent No.2 – Collector & District Magistrate, Ahmedabad, to expeditiously decide and dispose of the application of the petitioner filed by the petitioners under Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act).
3. In the process of taking action against the original borrower by invoking the provisions of SARFAESI Act, the petitioners applied before the District Magistrate under Section 14 of the SARFAESI Act for seeking assistance to secure possession of the mortgaged assets. The application before the District Magistrate, Ahmedabad was filed before long time. It is the case of the petitioners that despite passage of time beyond permissible under the statute, the District Magistrate has not heard and decided the application.
4. It deserves to be noted that Section14 of the SARFAESI Act which contemplates application to be made to the District Magistrate, has its proviso which contemplates that the application filed under Section 14 of the Act shall have to be decided by the District Magistrate within the outer period of 60 days. The said period has already lapsed. This being a statutory period, it is to be adhered to by the District Magistrate.
However, in the present case, District Magistrate, Ahmedabad, has not decided the said application within time.
5. In view of above factual and legal position of the case, respondent No.2 Collector & District Magistrate, Ahmedabad, is hereby directed to immediately proceed to hear and decide the application of the petitioners filed under Section 14 of the
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