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    <title>2010 (2) TMI 1267 - MADRAS HIGH COURT</title>
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    <description>A writ challenge to SARFAESI measures is generally not maintainable where the borrower has an efficacious statutory remedy before the Debts Recovery Tribunal against action under Section 13(4), and that alternate remedy bars recourse to writ jurisdiction on the facts noted. The article also states that a secured creditor is not legally barred from issuing a fresh notice under Section 13(2) merely because an earlier notice and objections existed, where the statute contains no prohibition and the later notice was issued after intervening proceedings had been resolved. The petitioner&#039;s challenge therefore failed on both grounds.</description>
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    <pubDate>Mon, 01 Feb 2010 00:00:00 +0530</pubDate>
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      <title>2010 (2) TMI 1267 - MADRAS HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=275691</link>
      <description>A writ challenge to SARFAESI measures is generally not maintainable where the borrower has an efficacious statutory remedy before the Debts Recovery Tribunal against action under Section 13(4), and that alternate remedy bars recourse to writ jurisdiction on the facts noted. The article also states that a secured creditor is not legally barred from issuing a fresh notice under Section 13(2) merely because an earlier notice and objections existed, where the statute contains no prohibition and the later notice was issued after intervening proceedings had been resolved. The petitioner&#039;s challenge therefore failed on both grounds.</description>
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      <pubDate>Mon, 01 Feb 2010 00:00:00 +0530</pubDate>
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