Airavat Industries v. Bank of Maharashtra- S.14 SARFAESI Act
Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 [SARFAESI Act] - Section 14 - The step taken by the Chief Metropolitan Magistrate / District Magistrate under Section 14 are ministerial in nature and does not involve any adjudicatory process and there is no element of any quasi-judicial function. (Para 1)
Case Info
Basic Case Information
Case name and neutral citation:M/s. Airavat Industries v. Bank of Maharashtra – order in SLP (C) No. 2342/2026, Supreme Court of India (no separate neutral citation is shown in the extracted text).
Coram: Hon’ble Mr. Justice Dipankar Datta and Hon’ble Mr. Justice Satish Chandra Sharma
Judgment / Order date: 30 January 2026
Case laws and citations referred
- R.D. Jain & Co. v. Capital First Ltd., (2023) 1 SCC 675
- NKGSB Cooperative Bank Ltd. v. Subir Chakravarty, (2022) 10 SCC 286
- Pankaj Ray v. Sanjay Parshuram Jadhav & Ors., Civil Appeal No. 7049 of 2022, order dated 30.09.2022
- Balkrishna Rama Tarle v. Phoenix ARC Private Ltd., (2023) 1 SCC 662
Statutes / laws referred
The Court refers to Section 14 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) and treats the function of the Chief Metropolitan Magistrate / District Magistrate under this provision as ministerial and non‑adjudicatory.