https://www.taxtmi.com/caselaws?id=283944 A writ challenge to SARFAESI enforcement measures was assessed against the availability of an alternative statutory remedy before the Debts Recovery Tribunal. The text notes that, where such a remedy exists, writ intervention may be declined, but limited equitable protection can still be granted when auction of the secured asset is imminent. It records a short abeyance of the auction to preserve the petitioners' ability to pursue the statutory forum, subject to payment of auction-related advertisement expenses. en-us Tue, 02 May 2017 00:00:00 +0530 Tue, 22 Oct 2019 07:42:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283944 A writ challenge to SARFAESI enforcement measures was assessed against the availability of an alternative statutory remedy before the Debts Recovery Tribunal. The text notes that, where such a remedy exists, writ intervention may be declined, but limited equitable protection can still be granted when auction of the secured asset is imminent. It records a short abeyance of the auction to preserve the petitioners' ability to pursue the statutory forum, subject to payment of auction-related advertisement expenses. Case-Laws Indian Laws Tue, 02 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283944