https://www.taxtmi.com/caselaws?id=112188 The SARFAESI Act provides a special, self-contained mechanism for enforcing security interests through possession, sale by auction, and statutory remedies before the DRT and DRAT. Because sections 34 and 35 bar inconsistent civil jurisdiction and give the Act overriding effect, the company court cannot stay or interfere with auction proceedings initiated by a secured creditor. Relief against measures taken under section 13(4) must be pursued only within the SARFAESI framework, and proceedings in company court are not maintainable for that purpose. en-us Mon, 18 Jun 2007 00:00:00 +0530 Fri, 27 Apr 2012 10:28:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112188 The SARFAESI Act provides a special, self-contained mechanism for enforcing security interests through possession, sale by auction, and statutory remedies before the DRT and DRAT. Because sections 34 and 35 bar inconsistent civil jurisdiction and give the Act overriding effect, the company court cannot stay or interfere with auction proceedings initiated by a secured creditor. Relief against measures taken under section 13(4) must be pursued only within the SARFAESI framework, and proceedings in company court are not maintainable for that purpose. Case-Laws Companies Law Mon, 18 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112188