Hon'ble RASTOGI, J.—Instant petition has been filed by M/s BD & P Hotels (India) (P) Ltd who was in possession of Hotel Mukandgarh Resorts since 04/08/2009 on having purchased lease hold rights through respondent-6 (secured creditor) under Securitisation & Reconstruction of Financial Assets & Enforcement of Security Interest Act, 2002 (“SARFAESI Act”), but has been dispossessed on 09/03/2010 pursuant to warrant of possession issued by the Executing Court, Jhunjhunu on 05/03/2010 in Execution Appl.No.35/2009) at the behest of decree holder in execution of Arbitral Award dt. 15/02/2009 passed for recovery of possession and arrears along with interest against its lessee (respondent-5), possession whereof was taken over by secured creditor (TFCI-respondent-6) with whom lease hold rights were mortgaged creating security interest by respondent-5 with the consent of lessor (respondent-2 to 4) on 22/08/2008.

2. Question arising for consideration in instant case is as to whether petitioner in whose favour lease hold rights over Mukandgarh property was transferred as an assignee of secured creditor (TFCI) under SARFAESI Act and after the possession was transferred, in absence of any condition

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