https://www.taxtmi.com/caselaws?id=458411 Writ challenge to SARFAESI notices was held not to be the proper forum where a statutory appeal under Section 17 was available before the Debts Recovery Tribunal. The High Court noted that the bank's invocation of SARFAESI was not without jurisdiction, while objections based on alleged bank negligence, discharge of guarantors under the Contract Act, and validity of a decree passed without the Official Liquidator involved factual inquiry better examined by the Tribunal. The petitions were therefore relegated to the alternative remedy, with the petitioners left free to raise all substantive contentions in appeal. en-us Thu, 28 Sep 2017 00:00:00 +0530 Fri, 25 Oct 2024 20:09:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458411 Writ challenge to SARFAESI notices was held not to be the proper forum where a statutory appeal under Section 17 was available before the Debts Recovery Tribunal. The High Court noted that the bank's invocation of SARFAESI was not without jurisdiction, while objections based on alleged bank negligence, discharge of guarantors under the Contract Act, and validity of a decree passed without the Official Liquidator involved factual inquiry better examined by the Tribunal. The petitions were therefore relegated to the alternative remedy, with the petitioners left free to raise all substantive contentions in appeal. Case-Laws Indian Laws Thu, 28 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458411