https://www.taxtmi.com/caselaws?id=763881 The HC dismissed the petition challenging constitutional validity of various sections under SARFAESI Act, RDB Act, and IBC. The court found that petitioners, represented by same counsel, filed identical petitions with same prayers before different HCs despite disclosing this fact. The court characterized this as forum shopping to obtain favorable orders. The petition was dismissed with costs of Rs.1 lakh to be deposited with the Registrar General within one month, subsequently transferable to the HC Legal Services Committee. The court applied principles of estoppel and addressed jurisdictional bars under multiple statutory provisions. en-us Wed, 04 Dec 2024 00:00:00 +0530 Mon, 30 Dec 2024 20:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763881 The HC dismissed the petition challenging constitutional validity of various sections under SARFAESI Act, RDB Act, and IBC. The court found that petitioners, represented by same counsel, filed identical petitions with same prayers before different HCs despite disclosing this fact. The court characterized this as forum shopping to obtain favorable orders. The petition was dismissed with costs of Rs.1 lakh to be deposited with the Registrar General within one month, subsequently transferable to the HC Legal Services Committee. The court applied principles of estoppel and addressed jurisdictional bars under multiple statutory provisions. Case-Laws IBC Wed, 04 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763881