Definition
A court order restraining a party from doing a particular act (prohibitory injunction) or compelling a party to do a specific act (mandatory injunction). In debt recovery disputes, borrowers often seek injunctions to restrain banks from proceeding under SARFAESI. Courts are reluctant to grant injunctions against SARFAESI enforcement given the specific alternative remedy under Section 17 of the Act.
Need Expert Advice on Injunction?
For specific advice on how Injunction applies to your debt recovery matter, consult Advocate Subodh Bajpai — LLM, MBA (XLRI Jamshedpur). 25+ years of exclusive banking and debt recovery practice across DRT, SARFAESI, IBC, and NI Act.
Defined by Advocate Subodh Bajpai, Senior Partner, Unified Chambers and Associates