https://www.taxtmi.com/caselaws?id=109258 A writ petition challenging a SARFAESI notice was held premature because the statutory scheme required the borrower to first respond to the creditor, raise all legal objections, and obtain a reasoned decision before invoking the Debt Recovery Tribunal. The Court applied the principle in Mardia Chemicals that the borrower should ordinarily exhaust the remedy under the Act before approaching the writ court. Even where allegations of fraud were raised, the existence of this statutory redress made the writ petition not maintainable at the threshold, and it was dismissed. en-us Fri, 07 May 2004 00:00:00 +0530 Sat, 07 Apr 2012 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109258 A writ petition challenging a SARFAESI notice was held premature because the statutory scheme required the borrower to first respond to the creditor, raise all legal objections, and obtain a reasoned decision before invoking the Debt Recovery Tribunal. The Court applied the principle in Mardia Chemicals that the borrower should ordinarily exhaust the remedy under the Act before approaching the writ court. Even where allegations of fraud were raised, the existence of this statutory redress made the writ petition not maintainable at the threshold, and it was dismissed. Case-Laws Companies Law Fri, 07 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109258