#SARFAESI Proceedings

The Madhya Pradesh High Court holds that assigning DRT Jabalpur matters to Ahmedabad’s Presiding Officer does not deprive borrowers of their statutory right to approach the Debts Recovery Tribunal under the SARFAESI Act. This ensures administrative continuity in financial recovery proceedings even during judicial vacancies, safeguarding procedural fairness for debtors and lenders alike.

Madras High Court holds that once loans are transferred under SARFAESI Act, civil suits against original lender for interference are barred; plaintiff must approach statutory forums.