Vastu Housing Finance Corporation Ltd. v. Aavas Financers Limited
Case brief
What is this about?
Common order in multiple appeals involving inter-se disputes between financial institutions. The tribunal held that such disputes governed by SARFAESI Act Section 11 must be resolved via statutory arbitration, dismissing DRT jurisdiction.
What did the court decide?
All matters disposed of; parties directed to resolve disputes by way of Arbitration under Section 11 of the SARFAESI Act.