#Contracts & Business Disputes | Government & Public Body Interactions

Bombay High Court rules that oral directions by a tribunal cannot substitute written interim orders under the SARFAESI Act, emphasizing procedural fairness. The ruling protects secured creditors from premature possession restoration without proper legal safeguards, reinforcing the necessity of written orders in recovery proceedings.

Bombay High Court rules that restoration of possession under the SARFAESI Act must strictly follow statutory procedures; oral directions or informal assurances from the Debt Recovery Tribunal are jurisdictionally invalid. The judgment reinforces that secured creditors cannot be compelled to relinquish possession based on unwritten assurances, safeguarding procedural fairness in debt recovery.