Courts Should Avoid Writ Jurisdiction Intervention When Alternative Remedies Exist Under SARFAESI Act: Rajasthan High Court

In a recent ruling by the Rajasthan High Court, a civil writ petition was filed by Naseem Ahmad Khan, the petitioner, against ICICI Home Finance, Ambit Finvest Private Limited, and other associated financial institutions. The petitioner sought to quash an order passed by the Debts Recovery Tribunal (DRT) on 20th April 2023, which had rejected his request for a stay on proceedings during the pendency of his Securitization Application (SA).…