Proceeding under SARFAESI and Civil Act were inconsistent; bank couldn’t pursue both remedies

SARFAESI Act: Where on petitioners failure to repay, bank on one hand had invoked SARFAESI Act and proceeded to sell mortgaged property and on other hand it had kept prosecuting civil suit against petitioner, since, proceedings under SARFAESI Act and Civil Court were inconsistent, bank could not pursue both remedies

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000182987/proceeding-under-sarfaesi-and-civil-act-were-inconsistent-bank-couldn’t-pursue-both-remedies.aspx