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2016 (4) TMI 222 - HC - Indian LawsNotice under SARFAESI Act - Held that:- At the stage of measures under Section 13(4) and/or the stage post-Section 13(4) of the SARFAESI Act, the remedy of appeal before the Debts Recovery Tribunal under Section 17 of the Act is available to the borrower. Since the statutory alternative remedy is available with the petitioners, this Court is not inclined to entertain this petition. It is trite that in the commercial matters, alternative remedy has to exhausted steadfast rather than invoking writ jurisdiction of High Court straightway. Accordingly, this petition is dismissed. The petitioners are relegated to pursue their remedy in appeal under Section 17 of the SARFAESI Act before the Debts Recovery Tribunal.
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