HC disposes writ as equally efficacious alternative remedy available before Appellate Tribunal

Directorate of Enforcement Vs PC Financial Services Private Limited & Anr. (Delhi High Court) Delhi High Court held that High Court had disposed of the Letters Patent Appeal as the Appellate Tribunal was not functional, however, order was passed when the Appellate Tribunal became functional. Accordingly, the order passed in LPA will not come in the way of the parties as an equally efficacious alternative remedy available before the Appellate Tribunal. Facts- The appellant Directorate of Enforcement is investigating a number of Non-Banking Financial Companies (NBFCs) and Fintech Companies u...