Dismissed
R. Manonmani, v. the Registrar of Co-Op.
Madras HCWP(MD)/11517/2011
Case brief
AI extract
What is this about?
This court dismissed a writ petition challenging an auction sale notice issued by a bank liquidator under the SARFAESI Act. The court held that the exclusive remedy lies in an appeal under Section 17 of the Act before the Debts Recovery Tribunal. The impugned notice was directed to be returned to the petitioner to approach the Tribunal.
What did the court decide?
The writ petition is dismissed. The impugned sale notice is directed to be returned to the petitioner to move a proceeding before the Debts Recovery Tribunal.