Taking possession of secured assets - From tenants of borrower - Tenants not entitled to possession of secured assets for more than period prescribed u/S.107 of T.P. Act

Citation

AIROnline 2021 Tel 203

Telangana High Court

UJJAL BHUYAN , J. and CHILLAKUR SUMALATHA , J.

W.P.No - 100 of 2020 D/- 19 - 11 - 2021

Pallerla Ramesh and Ors. v. Andhra Bank, Hanumakonda, Warangal and Anr.

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest

Act (54 of 2002), S.14, S.35 - Taking possession of secured assets - From tenants of borrower

- Tenancy agreements not registered - Tenants relying only on oral agreement of tenancy -

Tenants not entitled to possession of secured assets for more than period prescribed u/S.107 of

T.P. Act which period evidently expired - Order taking possession of secured assets, proper.

Transfer of Property Act (4 of 1882), S.107 -

 (Paras 19 , 20 , 21) 

(B)Constitution of India, Art.226 - Securitisation and Reconstruction of Financial Assets and

Enforcement of Security Interest Act (54 of 2002), S.17, S.18, S.14 - Writ petition - Alternate

remedy - Taking possession of property from tenants of borrower - Tenants can avail remedy

u/S.17 of Act - Additional alternative remedy of appeal to Appellate Tribunal is also available

u/S.18 - Writ petition, not maintainable.

 (Paras 19 , 20 , 21) 

Cases Referred Chronological Paras

AIR 2016 SC 530

AIR 2019 SC 5017 : AIROnline 2019 SC 1063

AIROnline 2014 SC 294 (Foll.)