Writ petitions against SARFAESI proceedings not entertainable due to efficacious alternative remedy before Debts Recovery Tribunal.

JUDGMENT

Dated this the 7^th day of April, 2026 It is aggrieved by the coercive steps taken by respondent under the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter referred to as the ‘SARFAESI Act’ for short), this writ petition has been preferred by the petitioners. 2. Heard the learned counsel for the petitioners and the learned Standing Counsel for the respondent.

3. The learned Standing Counsel appearing for the respondent vehemently opposed entertaining this writ petition and granting the reliefs to the petitioners since, they have an efficacious alternative remedy before the Debts Recovery Tribunal.

4. The Honourable Apex Court in a catena of decisions including, the decisions inPhoenix ARC Pvt. Ltd. v. Vishwa Bharati Vidya Mandir and Others [2022 KHC OnLine 6040], South Indian Bank Ltd. (M/s.) v. Naveen Mathew Philip [ 2023 KHC OnLine 6435 ] and PHR Invent Educational Society v. UCO Bank [2024 KHC OnLine 6208], have categorically held that writ petitions against SARFAESI proceedings must not be entertained since, the aggrieved persons have an alternative and efficacious remedy before the Debts Recovery Tribunal.

In such circumstances, this writ petition is dismissed, without prejudice to the contentions and right of the petitioners to avail the statutory remedy.