Surfacy
Certified Precedent
HDFC Bank Ltd vs Rajni Kumari
Legal Brief & Court Pronouncement
Our legal team successfully represented HDFC Bank Limited before the Court of Additional Chief Judicial Magistrate-IV, Lucknow, securing a landmark physical possession order under Section 14 of the SARFAESI Act, 2002. While Section 14 is traditionally invoked for immovable real estate assets, this decisive ruling marks the first reported order in Uttar Pradesh granting physical possession of a hypothecated vehicle through an Advocate Commissioner with direct police assistance.
Citation Index & Keywords:
Surfacy
vehicle hypothesis
section 14