Bank Can Invoke Sarfaesi and Arbitration Act Proceedings Simultaneously to Recover Loan Amounts: AP HC

In a recent development, the Andhra Pradesh High Court delivered a significant verdict in a writ petition challenging actions taken under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2022 (SARFAESI Act).  The case was heard by Justice D.V.S.S. Somayajulu and Justice Duppala Venkata Ramana. The petitioners sought relief through

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READ ALSO  Writ Petition Not Maintainable Against the Private Company Under Insolvency in a Contractual Dispute Unless It Is the Breach of Some Law or a Statutory Rule: Allahabad HC
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