9911796707
TMI Blog2021 (7) TMI 1462X X X X Extracts X X X X X X X X Extracts X X X X ..... als downstream attach little or no importance to the same. A level of awareness must be created, so that revenue officials and police officials understand the scope and importance of such provision and the directions issued by the authorities under Section 14 thereof. It is also possible in this case that because of the bifurcation or trifurcation of the districts, the Tahsildar or the relevant police officials may not have given much importance to this matter. However, the Tahsildar has to ensure that the assistance sought, and as directed in the order dated April 3, 2019, is made available to the petitioner herein, with police assistance as indicated. If the Tahsildar, Vandalur is also discharging the duties of the Tahsildar, Chengalpattu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... creditor. Once the declarations are found to be in order, the concerned authority has to accept the same at face value without seeking to ascertain the veracity thereof, whether by issuing notice to the borrowers or to any other. There is no element of adjudication which is undertaken in course of proceedings under Section 14 of the said Act. 5. Indeed, the Act of 2002 and Section 14 thereof highlight the emphasis on the secured assets being quickly taken possession of and sold so that the blocked funds may be unblocked and made available for further circulation in the economy. It may be recalled that following the Tiwari Committee reports and another comprehensive report by the Narasimham Committee, the Recovery of Debts Due to Banks and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... et or documents pertaining thereto so that such secured assets may be put up for sale, and the realisation of the sale proceeds would amount to the blocked funds being unblocked. It cannot be over-emphasised that Section 14 of the Act has been insulated and the process of adjudication has been kept out therefrom to ensure the speedy access to the secured assets for the purpose of liquidation thereof. 8. Whether due to the pandemic or otherwise, several requests have been pending over the last couple of years and, as is evident from this case, even when orders are issued on such requests under Section 14 of the Act, the officials downstream attach little or no importance to the same. A level of awareness must be created, so that revenue off ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
