A swivel lock assembly with electronic and manual actuating means to unlock a handle thereby permitting access to the interior of the cabinet wherein the manual actuator can override the electronic actuator and vice versa. When in a locked position, the handle rests within lock housing such that the handle engages a blocker mounted within the housing. To unlock the handle, the blocker is manipulated by electronic or manual actuation such that the handle is no longer constrained and can be swung away from the housing about a handle pivot.