Recently, the Allahabad High Court stated that notice issued U/s 13 of the SARFAESI Act would constitute part cause of action due to which the DRTLucknow would also have jurisdiction to entertain the securitisation application filed by the borrowers. The bench of Justices Jaspreet Singh and Manish Mathur was dealing with the case which involves
Notice Issued U/S 13 of SARFAESI Act Would Constitute Part Cause of Action Due to Which the DRTLucknow Would Also Have Jurisdiction to Entertain the Securitisation Application Filed by the Borrowers: Allahabad HC
