https://www.taxtmi.com/caselaws?id=437991 In SARFAESI recovery matters, writ jurisdiction under Article 226 should ordinarily not be invoked where an effective statutory remedy is available before the Debts Recovery Tribunal, with a further appeal under Section 18. The High Court's extraordinary jurisdiction is to be used sparingly and only in recognised exceptional circumstances, not as a substitute for the statutory forum. Where the Tribunal has become functional, borrowers and affected persons are expected to pursue the remedy under Section 17(1) against measures under Sections 13(2) and 13(4). Repeated High Court interference in such matters frustrates the legislative objective of speedy recovery. en-us Mon, 17 Apr 2023 00:00:00 +0530 Fri, 19 May 2023 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437991 In SARFAESI recovery matters, writ jurisdiction under Article 226 should ordinarily not be invoked where an effective statutory remedy is available before the Debts Recovery Tribunal, with a further appeal under Section 18. The High Court's extraordinary jurisdiction is to be used sparingly and only in recognised exceptional circumstances, not as a substitute for the statutory forum. Where the Tribunal has become functional, borrowers and affected persons are expected to pursue the remedy under Section 17(1) against measures under Sections 13(2) and 13(4). Repeated High Court interference in such matters frustrates the legislative objective of speedy recovery. Case-Laws Indian Laws Mon, 17 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437991