https://www.taxtmi.com/caselaws?id=110399 Alternative statutory remedy does not absolutely bar writ jurisdiction under Article 226 where the challenge concerns the legality and jurisdiction of action under a recent statute requiring interpretation. Security interests in agricultural land fall outside the Act; therefore, interim relief cannot be conditioned on an onerous deposit that may effectively defeat the claimed exemption and impair property rights. A tribunal should preserve the asset through restrictions on alienation, encumbrance or alteration while determining its agricultural character. The conditional stay was set aside, with the agricultural-land issue left for determination in the pending appeal. en-us Tue, 20 Apr 2004 00:00:00 +0530 Mon, 16 Apr 2012 15:57:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110399 Alternative statutory remedy does not absolutely bar writ jurisdiction under Article 226 where the challenge concerns the legality and jurisdiction of action under a recent statute requiring interpretation. Security interests in agricultural land fall outside the Act; therefore, interim relief cannot be conditioned on an onerous deposit that may effectively defeat the claimed exemption and impair property rights. A tribunal should preserve the asset through restrictions on alienation, encumbrance or alteration while determining its agricultural character. The conditional stay was set aside, with the agricultural-land issue left for determination in the pending appeal. Case-Laws Companies Law Tue, 20 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110399