Securitisation act

s b krishna (Querist) 18 September 2013 This query is : Resolved
whether an order of magistrate under section 14 the Securitisation Act can be challenged in DRT ? What is the latest position of law ?

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R.K Nanda (Expert) 19 September 2013
state full facts.

Kolla Gangadhar (Expert) 19 September 2013
The order of the Magistrate under Section 14 of the Act, is contrary, illegal, of Act, 2002 you can question order in DRT.

Nadeem Qureshi (Expert) 19 September 2013
no, order passed by the magistrate can not be challenged.
read section 14 of Act

DEFENSE ADVOCATE.-firmaction@g (Expert) 19 September 2013
1) These are two separate routes.

You can go to HC not DRT for order u/s -14.

2) Now there are exhaustive amendments are made for applications u/s 14 in the MAIN ACT., if the same are not followed than it will be sufficient cause for the borrower to go to HC.

K.K.Ganguly (Expert) 22 September 2013
1. No. Not before the DRT,

2. If there is any fault found in obtaining the Magistrate's order like filing false affidavit by the bank before the Magistrate, then the same can be challenged before the High Court.

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