Although Magistrate's Jurisdiction U/S 14 Of SARFAESI Act Does Not Involve Adjudication, Order Cannot Be Passed Without Application Of Mind: Kerala HC

The Kerala High Court has ruled that under Section 14 of the SARFAESI Act, Parliament conferred power to high officials, and there is no adjudication application of mind. This decision clarifies the scope of powers under the SARFAESI Act. The ruling emphasizes the importance of adhering to statutory provisions. This judgment provides clarity on banking procedures. The ruling impacts banking law.