Writ Petition Dismissed as DRT Order Appealable Under SARFAESI Act: AP HC

Haridasu Srinivasa Rao Vs Debts Recovery Tribunal (Andhra Pradesh High Court) The writ petition challenged an order of the Debts Recovery Tribunal (DRT), Visakhapatnam, which had dismissed the petitioner’s application filed under Section 17(1) of the SARFAESI Act. The application had questioned the recovery measures initiated by the financial institution and the Magistrate’s order appointing an Advocate Commissioner to take physical possession of the secured asset. The High Court held that every order passed by the DRT under the SARFAESI Act is appealable under Section 18 before the Debts ...