Challenge against Tender Cum-Auction Sale Notice under SARFAESI Act: Madras HC dismisses Writ...

The Madras High Court has dismissed a writ petition challenging a tender-cum-auction sale notice under the SARFAESI Act, citing the availability of a remedy under the statute. This decision reinforces the principle that alternative statutory remedies must be exhausted before invoking the High Court's writ jurisdiction. The SARFAESI (Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest) Act provides specific mechanisms for borrowers to challenge recovery actions. The court's ruling ensures judicial discipline, directing petitioners to the appropriate legal channels for dispute resolution in matters related to secured asset enforcement.