If proceedings are initiated under the SARFAESI Act and the borrower is aggrieved by any of the actions of the private Bank/Bank/ARC, borrower has to avail the remedy under the SARFAESI Act and no writ petition is maintainable/entertainable – Phoenix ARC Pvt. Ltd. Vs. Vishwa Bharati Vidya Mandir & Ors. – Supreme Court

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