Agni Knowledge Foundation v. the Authorized Officer/
Case brief
What is this about?
Petitioner challenged the taking of physical possession of property under the SARFAESI Act. The court dismissed the writ petition as an order under Section 14 of the SARFAESI Act had already been passed and a related stay application was pending before the Debt Recovery Tribunal.
What did the court decide?
The Writ petition was dismissed. The petitioner was at liberty to work out the remedy in the pending S.A.No.452 of 2017. Consequentially, the connected W.M.P. was closed.