Antony Samy v. State Bank of India, represented by its Chief Manager
2020-02-05
M.DURAISWAMY, T.RAVINDRAN
body2020
DigiLaw.ai
JUDGMENT : M. DURAISWAMY, J.:— The petitioner/borrower has filed the above writ petitions, (i) to issue a Writ of Certiorari to call for the impugned Sale Certificate issued by the first respondent in favour of the fifth respondent as Document No. 2882/2017, on 03.08.2017 and quash the same and (ii) to issue a Writ of Mandamus to direct the first respondent to consider the representations of the petitioner, dated 27.06.2017 and 13.07.2017 and further direct the first respondent to release the mortgaged property. 2. The petitioner/borrower has filed the above writ petitions without exhausting the alternative remedy available to him under Section 17 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002, (in short “SARFAESI Act”). It is settled position of law that the writ petition filed by the aggrieved party challenging the proceedings initiated under the SARFAESI Act is not maintainable. 3. The Honourable Supreme Court in the cases of The Authorized Officer, State Bank of Travancore v. Mathew K.C., reported in (2018) 3 SCC 85 and Agarwal Tracom Private Limited v. Punjab National Bank reported in (2018) 1 SCC 626 has held that the aggrieved parties cannot challenge the SARFAESI proceedings directly by filing a writ petition under Article 226 of the Constitution of India without exhausting the appeal remedy available to them. 4. In a recent decision of the Honourable Supreme Court in ICICI Bank Limited v. Umakanta Mohapatra, reported in 2018 SCC OnLine SC 2349, the Apex Court has referred to the decision in the case of Mathew K.C., (cited supra) and observed that despite several judgments, including the decision in the case of Mathew K.C., (cited supra), the High Courts continue to entertain matters which arise under the SARFAESI Act and keep granting interim orders in favour of persons who are Non-Performing Assets. Further, the Honourable Supreme Court has held that writ petition filed by the aggrieved party, without exhausting the statutory remedy available under the SARFAESI Act and Recovery of Debts Due to Banks and Financial Institutions Act, is not maintainable. 5. From the above referred judgments, it is clear that a writ petition filed by the aggrieved party without exhausting the alternative remedy available to him under Section 17 of the SARFAESI Act, is not maintainable. 6.
5. From the above referred judgments, it is clear that a writ petition filed by the aggrieved party without exhausting the alternative remedy available to him under Section 17 of the SARFAESI Act, is not maintainable. 6. In such view of the matter, we are not inclined to entertain the present writ petitions and accordingly, both the writ petitions are dismissed. No costs. Consequently, W.M.P(MD) Nos. 14673, 14674 and 13681 of 2017 are dismissed and W.M.P(MD) No. 5272 of 2018 is closed.