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The secured creditor can take over possession of assets 60 days
after giving notice.
Where possession of assets is required to taken or if any asset
is required to be sold or transferred and if the secured creditor
expects resistance, he can request the Chief Metropolitan Magistrate
or the District Magistrate within whose jurisdiction the assets
are located, to take possession of the assets. The Magistrate shall
then transfer these assets to secured assets.
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