Can High Courts exercise writ jurisdiction on plea by borrower when alternative remedy provided before DRTs? Supreme Court to examine

The plea claimed that interference by a constitutional court by way of its extraordinary jurisdiction to decide on private contractual disputes between lenders and borrowers seriously prejudiced the banks in the State.
Supreme Court
Supreme Court

The Supreme Court on Monday agreed to examine whether a High Court can exercise its writ jurisdiction when an alternative remedy under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI Act) is available [South Indian Bank v Naveen Mathew Phillip].

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