Statutory Analysis & Procedural Guide: SARFAESI Act vs Section 138 NI Act: Parallel Civil Recovery and Criminal Proceedings
Simultaneous prosecution: criminal complaint under NI Act does not bar recovery before DRT or under SARFAESI. An in-depth analysis of SARFAESI Act 2002; Section 138 NI Act considering D. Purushotama Reddy v. K. Sateesh (2008) 8 SCC 505. Formulated by Supreme Court & High Court advocates for legal practitioners and corporate counsels.