Writ petitions against proceedings initiated under the SARFAESI Act are not maintainable when an efficacious alternative remedy is available before the Debts Recovery Tribunal.

JUDGMENT

Dated this the 18^th day of May, 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 petitioner. 2. Heard the learned counsel for the petitioner 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 petitioner since, he has an efficacious alternative remedy before the Debts Recovery Tribunal.

4. The Honourable Apex Court in a catena of decisions including, the decisions in Phoenix 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], has 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 petitioner to avail the statutory remedy.