Consumer Commission Has No Jurisdiction To Entertain Matters Coming Under Purview Of SARFAESI Act: Orissa High Court

The Orissa High Court ruled on the jurisdiction of consumer commissions concerning disputes under the SARFAESI Act, clarifying that such commissions lack authority in matters governed by the SARFAESI Act. The court emphasized that the Act provides an exclusive remedy, which cannot be circumvented by approaching consumer forums.\r

\r

It highlighted that disputes arising from SARFAESI proceedings should be adjudicated by the Debt Recovery Tribunal (DRT) or its appellate authority, rather than consumer commissions. This decision reinforces the specialized nature of SARFAESI proceedings and directs aggrieved parties to seek recourse through the appropriate forums stipulated under the Act.