https://www.taxtmi.com/caselaws?id=169783 The court upheld the constitutional validity of Section 2(1)(o) of the SARFAESI Act, 2002, and the legality of the RBI Circular dated 1st July 2013. It found no violation of Articles 14 and 19(1)(g) of the Constitution, stating that the provisions provide clear guidelines and do not allow arbitrary actions by banks. The court also rejected claims of excessive delegation of legislative functions, emphasizing the sufficiency of guidelines provided. Additionally, it held that the petitioners should have pursued alternative remedies under Section 17(1) of the SARFAESI Act, dismissing the petitions without costs. en-us Fri, 17 Jan 2014 00:00:00 +0530 Mon, 04 May 2015 15:16:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169783 The court upheld the constitutional validity of Section 2(1)(o) of the SARFAESI Act, 2002, and the legality of the RBI Circular dated 1st July 2013. It found no violation of Articles 14 and 19(1)(g) of the Constitution, stating that the provisions provide clear guidelines and do not allow arbitrary actions by banks. The court also rejected claims of excessive delegation of legislative functions, emphasizing the sufficiency of guidelines provided. Additionally, it held that the petitioners should have pursued alternative remedies under Section 17(1) of the SARFAESI Act, dismissing the petitions without costs. Case-Laws Indian Laws Fri, 17 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169783