Proceedings initiated u/s 13(4) of SARFAESI Act should be challenged before Debt Recovery Tribunal

Dynamic Sales Vs District Magistrate Solan & Ors (Himachal Pradesh High Court) Himachal Pradesh High Court dismissed the petition stating that writ petition assailing initiation of proceedings under section 13(4) of SARFAESI Act is not maintainable as aggrieved party has a remedy of an appeal under Section 17 of SARFAESI Act to approach the Debt Recovery Tribunal. Facts- The petitioner has preferred the present petitioner for grant of the relief with an appropriate writ or direction or order in the nature of certiorari to quash/set aside all the actions undertaken under provisions of the S...