Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002–Sec. 17–Order passed u/s. 13(4)–Writ petition against–Scope for maintainability–Respondent has been declared NPA by the secured creditor–Once the writ-petitioner itself has given statement of facts on affidavit that the possession of the secured asset has been taken over by the secured creditor, the remedy u/s. 17 would be available–Challenge before the Writ Court was that whether the action taken by the secured creditor was legal or not–It is not the case of respondent that the order was passed without jurisdiction or in violation of principles of natural justice or actuated with mala fide–Writ petition was not maintainable–Impugned order passed by the Single Bench is liable to be quashed and set aside.
