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2015 (10) TMI 92 - HC - Companies LawChallenging of order under Section 14 of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Petitioner contends that they were not given any opportunity of being heard before passing of the said order Petitioner further holds that the amount due towards the Respondent was not verified and permission for possession of assets of the Petitioner was not justified Held That:- There was no dispute regarding the amount due as the same has not been paid and neither the notice issued earlier under Section 13(2) was challenged - Section 14 does not contemplate any notice to be given by the District Magistrate nor does it contemplate any opportunity of being heard - Possession of the assets of the Petitioners was compliance of Section 14 Petition being devoid of merits was dismissed - Decided in favour of the Respondent.
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