Dismissed
Talwar and Company v. Piramal Capital Housing Finance Ltd.
Uttarakhand HCWPMS/2647/2024
Case brief
AI extract
What is this about?
The High Court dismissed a writ petition challenging a Debts Recovery Tribunal order directing a bank to pay lease rent to a secured creditor. The Court held that statutory remedy under Section 18 of the SARFAESI Act, 2002 was available, making the writ petition inappropriately entertained.
What did the court decide?
The writ petition was dismissed with liberty to approach the appropriate forum, i.e., the Appellate Tribunal under Section 18 of the SARFAESI Act, 2002.