https://www.taxtmi.com/caselaws?id=390421 A writ petition challenging SARFAESI demand and possession notices was held not maintainable where the borrower's account had been classified as NPA under the statutory framework and RBI norms, and the secured creditor had followed the prescribed procedure. The Court held that disputes over the correctness of the NPA classification and alleged non-compliance with banking guidelines involved factual questions unsuited to writ adjudication, particularly because an efficacious statutory remedy under Section 17 was available. The challenge under Article 226 to measures taken under Sections 13(2) and 13(4) was therefore declined, and the petitioners were left to pursue the remedy before the Debts Recovery Tribunal. en-us Fri, 20 Dec 2019 00:00:00 +0530 Thu, 02 Jan 2020 17:02:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390421 A writ petition challenging SARFAESI demand and possession notices was held not maintainable where the borrower's account had been classified as NPA under the statutory framework and RBI norms, and the secured creditor had followed the prescribed procedure. The Court held that disputes over the correctness of the NPA classification and alleged non-compliance with banking guidelines involved factual questions unsuited to writ adjudication, particularly because an efficacious statutory remedy under Section 17 was available. The challenge under Article 226 to measures taken under Sections 13(2) and 13(4) was therefore declined, and the petitioners were left to pursue the remedy before the Debts Recovery Tribunal. Case-Laws Indian Laws Fri, 20 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390421