S. 17 SARFAESI Act | Tenants Under Separate Lease Agreements Can File Joint Application Against Possession Notice: Kerala High Court

Kerala High Court recently ruled that tenants under different lease deeds can file a single consolidated Securitisation Application challenging the same secured creditor’s action under the SARFAESI Act. This decision was delivered by Justice Mohammed Nias C.P. in an Original Petition filed against the Registrar of the Debt Recovery Tribunal (DRT), Ernakulam. Case Background and Facts The petitioners, four tenants of the same borrower occupying the secured asset, submitted a…