[SARFAESI Act] Courts Must Not Interfere Under Writ Jurisdiction When Alternative Statutory Remedies Are Available: Rajasthan HC

Rajasthan HC on SARFAESI Act and Alternative Remedy: The Rajasthan High Court ruled on the scope of the SARFAESI Act, clarifying that its provisions provide an alternative remedy to secured creditors. The court held that the SARFAESI Act can be used by creditors to enforce their rights over defaulting borrowers without resorting to regular civil proceedings. This decision reaffirms the remedial power of the Act in facilitating the swift recovery of debts by secured creditors.