Dismissed
Sai Lakshmi Narsimha Agencies, v. The Bank of India
Telangana HCWP/33858/2017
Case brief
AI extract
What is this about?
The petitoner challenged proceedings under Section 13(2) and a notice under Section 13(4) of the SARFAESI Act. The court held the writ petition in maintainable as an effective statutory remedy lies with the Debt Recovery Tribunal. Consequently, the petition was dismissed, though relief under Section 17 remains open.
What did the court decide?
Writ Petition dismissed; no order as to costs.