https://www.taxtmi.com/caselaws?id=461733 Section 13(10) of the SARFAESI Act was read as an enabling provision for recovery of the balance amount through the Debt Recovery Tribunal or other competent forum, but only within the jurisdictional framework of the Recovery of Debts and Bankruptcy Act. The court held that the pecuniary threshold under Section 1(4) of the recovery statute applies to such shortfall claims, because SARFAESI does not create a separate, self-contained code for original recovery proceedings. The absence of independent appellate and recovery machinery under SARFAESI reinforced that the application operates as an original recovery claim under the recovery statute. en-us Wed, 01 Nov 2023 00:00:00 +0530 Thu, 24 Apr 2025 18:58:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461733 Section 13(10) of the SARFAESI Act was read as an enabling provision for recovery of the balance amount through the Debt Recovery Tribunal or other competent forum, but only within the jurisdictional framework of the Recovery of Debts and Bankruptcy Act. The court held that the pecuniary threshold under Section 1(4) of the recovery statute applies to such shortfall claims, because SARFAESI does not create a separate, self-contained code for original recovery proceedings. The absence of independent appellate and recovery machinery under SARFAESI reinforced that the application operates as an original recovery claim under the recovery statute. Case-Laws Indian Laws Wed, 01 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461733