https://www.taxtmi.com/caselaws?id=401563 SARFAESI sale notices issued against a guarantor could proceed despite pending insolvency proceedings against the corporate debtor, because the IBC moratorium was not treated as a bar to action against the guarantor. The Court also applied the settled principle that an efficacious statutory remedy under the SARFAESI Act ordinarily excludes writ jurisdiction, absent recognised exceptions. On that basis, the writ petition challenging the demand and sale notices was held not maintainable and liable to dismissal. en-us Thu, 03 Dec 2020 00:00:00 +0530 Fri, 11 Dec 2020 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401563 SARFAESI sale notices issued against a guarantor could proceed despite pending insolvency proceedings against the corporate debtor, because the IBC moratorium was not treated as a bar to action against the guarantor. The Court also applied the settled principle that an efficacious statutory remedy under the SARFAESI Act ordinarily excludes writ jurisdiction, absent recognised exceptions. On that basis, the writ petition challenging the demand and sale notices was held not maintainable and liable to dismissal. Case-Laws Indian Laws Thu, 03 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401563