Supreme Court Dismisses Plea Against Allahabad HC Ruling Upholding DRT Registrar's Power to Issue Notice Under SARFAESI

The Supreme Court on Tuesday dismissed a special leave petition challenging an Allahabad High Court ruling that upheld the authority of the Registrar of the Debts Recovery Tribunal to issue notice in a securitisation application under the SARFAESI Act. A Bench of Justices Dipankar Datta and Satish Chandra Sharma declined to interfere with the High Court's decision, observing, “We are not inclined to interfere with the impugned judgment and order of the High Court; hence, the special leave...