Validity of SARFAESI, RDB, IBC Provisions Upheld; Petitioners Penalized for Repetitive Litigation.

The HC dismissed the petitions filed by the petitioners challenging the constitutional validity of Sections 13 of SARFAESI Act, 19 of RDB Act, 7, 9, 10, 95 of IBC, and seeking benefits under MSMED Act. The HC imposed a cost of Rs.1 lakh on petitioners for filing repeated petitions with identical prayers before different HCs, despite disclosing such facts, attracting the principle of estoppel. The cost is to be deposited with Registrar General within a month for transmission to HC Legal Services Committee. .....

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