https://www.taxtmi.com/caselaws?id=336502 The High Court addressed the validity of an arbitration award set aside by the Co-Operative Tribunal, emphasizing that the Tribunal's decision did not bar the secured creditor from pursuing SARFAESI Act proceedings independently. The Court highlighted the rights of secured creditors to initiate recovery actions parallel to arbitration processes, citing the SARFAESI Act's provisions and Supreme Court precedents. The judgment clarified that secured creditors can utilize SARFAESI Act remedies without hindrance from ongoing arbitration proceedings. Consequently, the Writ Petition was dismissed, and interim orders were lifted, allowing the secured creditor to proceed with SARFAESI Act enforcement measures. en-us Wed, 14 Sep 2016 00:00:00 +0530 Fri, 23 Dec 2016 11:13:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336502 The High Court addressed the validity of an arbitration award set aside by the Co-Operative Tribunal, emphasizing that the Tribunal's decision did not bar the secured creditor from pursuing SARFAESI Act proceedings independently. The Court highlighted the rights of secured creditors to initiate recovery actions parallel to arbitration processes, citing the SARFAESI Act's provisions and Supreme Court precedents. The judgment clarified that secured creditors can utilize SARFAESI Act remedies without hindrance from ongoing arbitration proceedings. Consequently, the Writ Petition was dismissed, and interim orders were lifted, allowing the secured creditor to proceed with SARFAESI Act enforcement measures. Case-Laws Indian Laws Wed, 14 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336502