Sundaram BNP Paribas Home Finance Ltd. v. District Magistrate/District Collector, Vellore
2015-02-05
M.VENUGOPAL, SATISH K.AGNIHOTRI
body2015
DigiLaw.ai
JUDGMENT SATISH K. AGNIHOTRI, J. 1. The grievance of the petitioner is that the petitioner had filed petitions under the provisions of Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (for short the SARFAESI Act) on 30.06.2014, seeking assistance of the respondent for taking over possession of the secured asset in furtherance of exercise under Section 13(4) of the SARFAESI Act. However, the respondent has not taken any step so far when the object of the said provisions is to extend assistance to secure possession of the secured asset, at the earliest. 2. The learned Special Government Pleader appearing for the respondent submits that a direction to that effect may be issued to the respondent. 3. Accordingly, we direct the respondent to take up the matter and decide the same in accordance with law and on its own merits as expeditiously as possible, preferably, within a period of six weeks from the date of receipt of a copy of this order. 4. The writ petitions are disposed of accordingly. No costs.