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2022 (2) TMI 1235 - HC - Indian LawsMaintainability of petition - availability of alternative efficacious statutory remedy or not - Validity of notices issued either under Section 13(2) of the Securitisation And Reconstructions of Financial Assets and Enforcement of Security Interest Act, 2002 or under Section 13(4) of the SARFAESI Act, 2002 - HELD THAT:- These writ petitions filed by the petitioners deserves to be dismissed for the reasons; firstly, the petitioners are having alternative efficacious statutory remedy under the SARFAESI Act, 2002; secondly, the guidelines issued by the R.B.I. can be very much looked into by the Debts Recovery Tribunal as well as by the banks while examining the reply if submitted by the petitioners against the notices served upon them and lastly in the facts and circumstances in view of the judgment passed by the Hon'ble Supreme Court in the matter of I.C.I.C.I. Bank Limited as well as the Pheonix India (both supra), the extraordinary jurisdiction of this Court under Article 226 of the Constitution of India is not exercised. The writ petition is dismissed.
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