https://www.taxtmi.com/caselaws?id=340836 The court concluded that guarantors and mortgagors are covered under the SARFAESI Act for recovery of secured debt. It held that securitisation companies can act under the Act if financial assistance was part of restructuring. Emphasizing the exhaustion of statutory remedies, the court directed aggrieved parties to appeal to the Debts Recovery Tribunal before seeking writ relief. The court dismissed the petitions, instructing petitioners to utilize the statutory appeal process under Section 17 of the SARFAESI Act and granted interim relief for three weeks. en-us Thu, 23 Mar 2017 00:00:00 +0530 Tue, 28 Mar 2017 06:48:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340836 The court concluded that guarantors and mortgagors are covered under the SARFAESI Act for recovery of secured debt. It held that securitisation companies can act under the Act if financial assistance was part of restructuring. Emphasizing the exhaustion of statutory remedies, the court directed aggrieved parties to appeal to the Debts Recovery Tribunal before seeking writ relief. The court dismissed the petitions, instructing petitioners to utilize the statutory appeal process under Section 17 of the SARFAESI Act and granted interim relief for three weeks. Case-Laws Indian Laws Thu, 23 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340836