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Issues: Whether the writ petition challenging SARFAESI measures was maintainable in view of the alternative remedy before the Debts Recovery Tribunal.
Analysis: The challenge arose against action taken under the SARFAESI framework, including proceedings under Section 14, while a statutory remedy under Section 17 before the Debts Recovery Tribunal remained available. In light of settled law discouraging exercise of writ jurisdiction where an efficacious alternate remedy exists, and in the absence of any exceptional circumstance justifying bypass of the statutory forum, the petition was not entertained. The Court also noted that the points raised could be urged before the Tribunal.
Conclusion: The writ petition was not maintainable and was dismissed.