https://www.taxtmi.com/caselaws?id=113192 A writ petition challenging measures under the security enforcement law was held not maintainable because the statute provides an efficacious remedy before the Debts Recovery Tribunal, and the High Court should ordinarily not interfere at the stage of a demand notice. The Tribunal's jurisdiction was treated as wide enough to examine objections to the validity of debt assignment and compliance with the secured-creditor threshold under the Act and Rules. A pending sick-company reference was also held to abate once secured creditors representing at least three-fourths in value took enforcement measures, and the appeal therefore failed. en-us Tue, 21 Sep 2010 00:00:00 +0530 Wed, 24 Sep 2014 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113192 A writ petition challenging measures under the security enforcement law was held not maintainable because the statute provides an efficacious remedy before the Debts Recovery Tribunal, and the High Court should ordinarily not interfere at the stage of a demand notice. The Tribunal's jurisdiction was treated as wide enough to examine objections to the validity of debt assignment and compliance with the secured-creditor threshold under the Act and Rules. A pending sick-company reference was also held to abate once secured creditors representing at least three-fourths in value took enforcement measures, and the appeal therefore failed. Case-Laws Companies Law Tue, 21 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113192