Petition under Article 226 Is Not Maintainable Against Action Taken by Bank Under Section 13(4) of SARFAESI Act: SC

The Supreme Court of India has ruled that a writ petition under Article 226 of the Constitution is not maintainable against action taken by a bank under Section 13(4) of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act), as an alternative statutory remedy exists under Section 17

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