Exhaust Alternate Remedies before DRT and DRAT under SARFAESI Prior to Filing Writ Petition
The Supreme Court has consistently held that High Courts should not entertain writ petitions under Article 226 of the Constitution when an efficacious statutory remedy is available under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) before the Debts Recovery Tribunal (DRT) and Debts Recovery Appellate Tribunal (DRAT).