Supreme Court of India · 2022-07-27
M/S R.D. JAIN AND CO. vs CAPITAL FIRST LTD
- Citation / case number
- SC 2018/3692
- Court
- Supreme Court of India
- Petitioner
- M/S R.D. JAIN AND CO.
- Respondent
- CAPITAL FIRST LTD
- Author
- HON'BLE MR. JUSTICE M.R. SHAH
- Bench
- HON'BLE MRS. JUSTICE B.V. NAGARATHNA HON'BLE MR. JUSTICE M.R. SHAH
Judgment text excerpt
The Supreme Court addressed the interpretation of Section 14 of the SARFAESI Act, ruling that the terms 'District Magistrate' and 'Chief Metropolitan Magistrate' include Additional District Magistrates and Additional Chief Metropolitan Magistrates. The court found that the High Court's interpretation was incorrect, thereby allowing the appeal by the borrower against the High Court's decision. This judgment clarifies the authority of magistrates in the context of the SARFAESI Act.