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2023 (7) TMI 1479 - HC - Indian Laws


Issues:
Challenge to order under SARFAESI Act, Maintainability of petition under Section 482 of Cr.P.C., Availability of alternative remedy under Section 17 of SARFAESI Act, Administrative control of administrator on business clusters.

Detailed Analysis:
The judgment involves a challenge to an order passed under the SARFAESI Act, 2002. The petitioners contested the order passed by the Chief Metropolitan Magistrate under Section 14 of the SARFAESI Act, seeking to stay the possession of secured assets. The first issue addressed is the maintainability of the petition under Section 482 of the Cr.P.C. The court highlighted that the power under Section 482 is to give effect to orders under the Cr.P.C., and a challenge to the SARFAESI Act order does not fall within its purview. The petitioners sought to keep the SARFAESI Act order in abeyance, which was dismissed by the lower court, leading to the present petition.

The court emphasized that the challenge was not against the SARFAESI Act order but the refusal to keep it in abeyance. Additionally, the judgment discussed the availability of an alternative remedy under Section 17 of the SARFAESI Act, emphasizing that filing a petition under Section 482 of Cr.P.C. is not permissible when an alternative remedy exists. The court ruled that challenging the SARFAESI Act order through a Section 482 petition is not maintainable, citing precedents and the legislative intent behind the SARFAESI Act.

Furthermore, the judgment addressed the argument regarding the administrative control of the administrator over business clusters related to the petitioner. The court declined to delve into this issue as the primary focus was on the maintainability of the petition. The court referenced judgments by the Hon'ble Apex Court, emphasizing the importance of adhering to the SARFAESI Act's provisions and utilizing the remedies provided therein.

Ultimately, the court dismissed the Criminal Original Petition, stating that since the petition under Section 482 of Cr.P.C. was deemed not maintainable, there was no need to address the other raised issues. The judgment concluded by closing the connected miscellaneous petition, thereby resolving the matter at hand based on the legal principles and precedents discussed throughout the analysis.

 

 

 

 

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