https://www.taxtmi.com/caselaws?id=387321 A writ petition challenging a recovery citation under SARFAESI was held not maintainable because the petitioner had already invoked the statutory remedy before the Debts Recovery Tribunal under Section 17. The High Court noted that the borrower had defaulted on the loan, the account had been classified as an NPA, and the recovery action could be examined by the Tribunal. In these circumstances, the court declined to interfere in writ jurisdiction and left the petitioner to pursue the pending statutory remedy before the DRT. en-us Thu, 26 Sep 2019 00:00:00 +0530 Tue, 22 Oct 2019 07:42:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387321 A writ petition challenging a recovery citation under SARFAESI was held not maintainable because the petitioner had already invoked the statutory remedy before the Debts Recovery Tribunal under Section 17. The High Court noted that the borrower had defaulted on the loan, the account had been classified as an NPA, and the recovery action could be examined by the Tribunal. In these circumstances, the court declined to interfere in writ jurisdiction and left the petitioner to pursue the pending statutory remedy before the DRT. Case-Laws Indian Laws Thu, 26 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387321