https://www.taxtmi.com/caselaws?id=337043 The court dismissed the petition challenging the District Magistrate's order granting the bank's application for recovery under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Emphasizing the importance of exhausting statutory remedies, the court noted the petitioner's attempt to delay the bank's recovery through writ jurisdiction. The parties were directed to pursue their contentions before the Debt Recovery Tribunal, with the petitioner encouraged to seek expedited hearing. The petition was disposed of, allowing both parties to present their arguments before the Tribunal. en-us Tue, 27 Dec 2016 00:00:00 +0530 Tue, 03 Jan 2017 09:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337043 The court dismissed the petition challenging the District Magistrate's order granting the bank's application for recovery under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. Emphasizing the importance of exhausting statutory remedies, the court noted the petitioner's attempt to delay the bank's recovery through writ jurisdiction. The parties were directed to pursue their contentions before the Debt Recovery Tribunal, with the petitioner encouraged to seek expedited hearing. The petition was disposed of, allowing both parties to present their arguments before the Tribunal. Case-Laws Indian Laws Tue, 27 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337043