PATNA, India, June 26 -- Patna High Court issued the following judgment on June 24:
1. The writ petition is filed seeking direction to the concerned authority to hand over the possession of the property which has been auction purchased by the petitioner and depositing the full quoted price of Rs. 8,25,000/-(Rupees eight lakhs twenty five thousand only) and despite of sale certificate dated 03.01.2009 issued by the Allahabad Bank and for the other necessary relief/reliefs.
2. It is noticed that the matter pertains to Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, there is an effective alternative remedy available for the petitioner to challenge it before the DRT, but without avail...