Aadhar Housing Finance Ltd. Thru. Auth. Officer Chandan Negi v. State of U.P. Thru. Prin. Secy. Deptt. of Home Lko and 6 Others
Case brief
What is this about?
In a writ petition, the Allahabad High Court noted instructions from the Assistant Chief Manager regarding handing over possession of a secured asset under Section 14 of the SARFAESI Act, 2002, and directed the relevant authority to complete the process within one month if no legal impediment exists.
What did the court decide?
A direction was issued to the ACM-IV to hand over possession of the secured asset within one month unless there is a legal impediment.