P&H HC Directs Borrowers to Approach DRT/DRAT Under SARFAESI

Paramhans and another Vs Religare Housing Development Finance Corporation and others (Punjab and Haryana High Court) The Punjab and Haryana High Court has directed borrowers to use statutory remedies under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act), rather than approaching the High Court directly. In the case of Paramhans and another Vs Religare Housing Development Finance Corporation and others, the petitioners had challenged a notice issued under Section 13(4) of the SARFAESI Act. The court, citing several Supreme C...