https://www.taxtmi.com/caselaws?id=362076 The SARFAESI Act bars civil proceedings and injunctions in matters the DRT or DRAT is empowered to determine, so a secured asset dispute cannot be diverted to another forum for fresh adjudication of title or interest. Where the property is already under an equitable mortgage and recovery proceedings have begun, the High Court's direction permitting such recourse was unsustainable. A further direction requiring the bank to place funds in an interest-earning deposit was also found unnecessary and unjustified in the statutory setting. The order was set aside and the writ petition restored for decision on merits. en-us Thu, 17 May 2018 00:00:00 +0530 Wed, 31 Jan 2024 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362076 The SARFAESI Act bars civil proceedings and injunctions in matters the DRT or DRAT is empowered to determine, so a secured asset dispute cannot be diverted to another forum for fresh adjudication of title or interest. Where the property is already under an equitable mortgage and recovery proceedings have begun, the High Court's direction permitting such recourse was unsustainable. A further direction requiring the bank to place funds in an interest-earning deposit was also found unnecessary and unjustified in the statutory setting. The order was set aside and the writ petition restored for decision on merits. Case-Laws Indian Laws Thu, 17 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362076