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Court Rules on Delay in Appeals u/s 13(4) SARFAESI Act; Dismisses Petition, Allows Interlocutory Application for Books Release.

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....Condonation of delay in filing of an Appeal - Even if the possession being taken by the bank u/s 13(4) of the SARFAESI Act, there is no bar, therefore, for the appellant-writ petitioner to file an IA in the pending proceedings, u/s 17 of the SARFAESI Act, before the Debts Recovery Tribunal seeking release of the books of accounts, if any, lying within the factory premises - Petition dismissed.....

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