SARFAESI Act is a code in itself Section 17 Remedy is expeditious & effective remedy

M. Sons Gems N Jewellery Private Limited Vs RBI (Delhi High Court) Conclusion: In present facts of the case, the Hon’ble Delhi High Court while rejecting contentions of the Petitioner observed that SARFAESI Act is a code in itself and the remedy provided under Section 17 is an expeditious and effective remedy available to an aggrieved person. The SARFAESI Act under Section 17 provides for an efficacious and efficient remedy to adjudicate the grievances of a borrower and the DRT has the power to determine whether the actions of an ARC are in compliance with the SARFAESI Act. Facts: In present...