The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act

Enforcement of security interest

Chief Metropolitan Magistrate or District Magistrate to assist secured creditor in taking  possession of secured asset

Manner and effect of take over of management

No compensation to directors for loss of office

Application against measures to recover secured debts

Making of application to Court of District Judge in certain cases

Appeal to Appellate Tribunal

Validation of fees levied

Appeal to High Court in certain cases

Right to lodge a caveat

Right of borrower to receive compensation and costs in certain cases


ENFORCEMENT OF SECURITY INTEREST


18B. [Appeal to High Court in certain cases.] Omitted by the Jammu and Kashmir Reorganization
(Adaptation of Central Laws) Order, 2020, vide notification No. S.O. 1123(E) dated (18-3-2020) and Vide
Union Territory of Ladakh Reorganisation (Adaptation of Central Laws) Order, 2020, notification
No. S.O. 3774(E), dated (23-10-2020).

LAWGIST

# 18B Appeal to High Court in certain cases