Landmark case · Law of Banking and Negotiable Instruments · Semester 5

Standard Chartered Bank v. V. Noble Kumar

(2013) 9 SCC 620 · Supreme Court of India

Section 14 assistance for possession is a ministerial statutory power; the magistrate is not to adjudicate the bank's claim on merits.

From topic

Enforcement of security interest — Unit V, Law of Banking and Negotiable Instruments.

Related sections:

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, 13 — Enforcement of security interest
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, 14 — Chief Metropolitan Magistrate or District Magistrate to assist taking possession
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, 17 — Application against measures to recover secured debt
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, 18 — Appeal to the Appellate Tribunal