M/S R.D. Jain And Co. vs Capital First Ltd

The Supreme Court addressed the interpretation of Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). The court held that the terms 'District Magistrate' and 'Chief Metropolitan Magistrate' in Section 14 include Additional District Magistrates and Additional Chief Metropolitan Magistrates. This interpretation clarifies the authority under the SARFAESI Act for the enforcement of security interests by secured creditors.