https://www.taxtmi.com/caselaws?id=194056 The SARFAESI framework's statutory objection mechanism under Section 13(3A) was treated as an effective alternative remedy where the borrower had received notice under Section 13(2), made a representation, and that representation was considered by the secured creditor. After the statutory process was invoked and rejected, and especially once possession of the secured assets was taken under Section 13(4), writ intervention was not justified. The article notes that the availability and actual use of the prescribed remedy ordinarily weighs against bypassing the statutory scheme through writ jurisdiction. en-us Wed, 16 Apr 2014 00:00:00 +0530 Mon, 28 Aug 2017 09:56:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194056 The SARFAESI framework's statutory objection mechanism under Section 13(3A) was treated as an effective alternative remedy where the borrower had received notice under Section 13(2), made a representation, and that representation was considered by the secured creditor. After the statutory process was invoked and rejected, and especially once possession of the secured assets was taken under Section 13(4), writ intervention was not justified. The article notes that the availability and actual use of the prescribed remedy ordinarily weighs against bypassing the statutory scheme through writ jurisdiction. Case-Laws Indian Laws Wed, 16 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194056