https://www.taxtmi.com/caselaws?id=270120 Territorial jurisdiction for a securitisation application under Section 17 of the SARFAESI Act is governed by Section 19(1) of the RDDB Act, because Section 17(7) adopts the RDDB Act procedure to the extent applicable and the proceeding is not a civil suit within Section 16 of the CPC. The jurisdictional rule therefore depends on residence, business, or cause of action, not on the situs of the secured property. The jurisdictional objection was rejected, the impugned orders were set aside, and the securitisation application was restored for decision on merits. en-us Tue, 15 Dec 2015 00:00:00 +0530 Tue, 29 Dec 2015 18:32:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270120 Territorial jurisdiction for a securitisation application under Section 17 of the SARFAESI Act is governed by Section 19(1) of the RDDB Act, because Section 17(7) adopts the RDDB Act procedure to the extent applicable and the proceeding is not a civil suit within Section 16 of the CPC. The jurisdictional rule therefore depends on residence, business, or cause of action, not on the situs of the secured property. The jurisdictional objection was rejected, the impugned orders were set aside, and the securitisation application was restored for decision on merits. Case-Laws Indian Laws Tue, 15 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270120