SC frowns at bypassing of tribunals
The Supreme Court last week criticised the Kerala High Court for passing an interim order in a debt recovery case, that too in a writ petition when alternative remedies were available under the Securitisation (Sarfaesi) Act. “The writ petition ought not to have been entertained and the interim order was granted for the mere asking without assigning special reasons, and that too without even granting opportunity to the lender bank to contest the maintainability of the writ petition,” the judgment stated in the case, State Bank of Travancore vs Mathew K C.
The borrower was