Dismissed
Hi-Point Investment and Finance Pvt. Ltd. & Ors. v. Ifci Venture Capital Funds Ltd.
Delhi HCW.P.(C)/7120/2017
Case brief
AI extract
What is this about?
The Delhi High Court dismissed writ petitions filed by two companies challenging orders of the Debt Recovery Tribunal. The bench held that the statutory remedy under the SARFAESI Act was the proper course of action and dismissed the petition without examining merits.
What did the court decide?
No costs. Petitioners directed to avail statutory appeal.