SARFAESI Act | Writ remedy not maintainable where efficacious DRT remedy available against sale of mortgaged property: Bombay HC
The High Court held that in view of the alternative, efficacious statutory remedy under the SARFAESI Act, the writ petition was not maintainable and the question of law raised under the IBC was nothing but another desperate attempt to avoid steps being taken by the secured creditor under the SARFAESI Act.
