https://www.taxtmi.com/caselaws?id=197513 Writ jurisdiction remains available where action under the SARFAESI framework is wholly without jurisdiction, notwithstanding the existence of a statutory remedy. The notice under Section 13(4) is a necessary precursor to measures under that provision, and omission of such notice would make the appeal under Section 17 illusory. A lender can invoke Section 13 only if it was a financial institution and secured creditor on the date of the transaction; a later notification conferring that status operates prospectively. On that basis, loan agreements entered into before the notification could not support enforcement action under the Act. en-us Fri, 29 Feb 2008 00:00:00 +0530 Mon, 25 Aug 2025 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197513 Writ jurisdiction remains available where action under the SARFAESI framework is wholly without jurisdiction, notwithstanding the existence of a statutory remedy. The notice under Section 13(4) is a necessary precursor to measures under that provision, and omission of such notice would make the appeal under Section 17 illusory. A lender can invoke Section 13 only if it was a financial institution and secured creditor on the date of the transaction; a later notification conferring that status operates prospectively. On that basis, loan agreements entered into before the notification could not support enforcement action under the Act. Case-Laws Indian Laws Fri, 29 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197513