Remedy for Proceedings Lies before DRT on Initiation of Proceedings u/s 13(4) of SARFAESI Act: HP HC [Read Order]

Remedy - Proceedings Lies before DRT on Initiation of Proceedings - SARFAESI Act - HP HC - TAXSCAN

In a recent decision the Himachal Pradesh High Court ruled that the remedy for proceedings lies before the Debt Recovery Tribunal (DRT) on initiation of proceedings under Section 13(4) of the Securitization and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFAESI Act). The petitioner, M/s Dynamic Sales, approached the Court to…

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