https://www.taxtmi.com/caselaws?id=335719 A secured creditor that acquires a debt may invoke the SARFAESI Act independently to recover the same debt, and the existence of an arbitral award with pending execution proceedings does not by itself amount to a legal bar or double recovery. Once measures reach the Section 13(4) stage, the statutory appeal under Section 17 is an efficacious alternate remedy. In that situation, writ jurisdiction under Article 226 should ordinarily not be entertained, and the aggrieved borrower must pursue the remedy before the Tribunal. en-us Mon, 05 Dec 2016 00:00:00 +0530 Thu, 08 Dec 2016 06:53:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335719 A secured creditor that acquires a debt may invoke the SARFAESI Act independently to recover the same debt, and the existence of an arbitral award with pending execution proceedings does not by itself amount to a legal bar or double recovery. Once measures reach the Section 13(4) stage, the statutory appeal under Section 17 is an efficacious alternate remedy. In that situation, writ jurisdiction under Article 226 should ordinarily not be entertained, and the aggrieved borrower must pursue the remedy before the Tribunal. Case-Laws Indian Laws Mon, 05 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335719