Civil Courts Retain Exclusive Jurisdiction to Cancel Registered Sale Deeds Despite Pending SARFAESI Proceedings Before DRT: Delhi High Court

The Delhi High Court has ruled that a civil suit seeking the cancellation of a registered Sale Deed is maintainable before a civil court, even if the property in question is simultaneously the subject of proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). The Court held that Debt Recovery Tribunals (DRTs) do not have the authority to determine disputes involving…