Era Housing Developers (India) Ltd. & Anr. v. Ifci Ltd.
Case brief
What is this about?
Two companies filed writ petitions challenging orders by the Debt Recovery Tribunal regarding recovery certificates. The court dismissed the petitions, noting the statutory right of appeal and refusing to bypass the appellate remedy even at the request of the petitioners.
What did the court decide?
The writ petitions were dismissed without deciding the merits and with a direction to seek statutory appeal.