SARFAESI Act, 2002 – Writ – Almost 15 months after grant of the status quo order by this Court, it would be a travesty of justice to compel the petitioners to avail the alternative remedy before the Debt Recovery Tribunal by invoking Section 17 of the Act

Constitution of India, Article 226 – Almost 15 months after grant of the status quo order by this Court, we are of the opinion that it would be a travesty of justice to compel the petitioners to avail the alternative remedy before the Debt Recovery Tribunal by invoking Section 17 of the Act – Securitization and Reconstruction of Financial Assets and Enforcement of Security interest Act, 2002 (54 of 2002) – sarfaesi Act, 2002 .

(2022-2)206 PLR 459