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Issues: Whether the writ petition was maintainable in view of the statutory remedy of appeal under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993, and whether the tribunal should consider the legal representatives' application without treating the present direction as a precedent.
Analysis: The dispute arose in a debt recovery matter where the Act provided a complete statutory mechanism, including an appeal under section 20 from the order of the Debt Recovery Tribunal to the Debt Recovery Appellate Tribunal. Since no question of jurisdiction or violation of natural justice was involved, the writ remedy was treated as prima facie not maintainable. The parties also agreed that the legal representatives' application could be considered by the tribunal in accordance with the earlier direction, but not as a precedent.
Conclusion: The writ appeal did not result in interference on merits, and the matter was left to be dealt with by the Debt Recovery Tribunal in the statutory framework.
Final Conclusion: The decision affirms the availability and primacy of the statutory remedy under the debt recovery and leaves the pending interlocutory matter to be decided by the tribunal without precedential effect.
Ratio Decidendi: Where a special statute provides an efficacious appellate remedy and no jurisdictional error or breach of natural justice is shown, writ jurisdiction should ordinarily not be invoked.