Upgrad LLM

two acts on same time ??


Dear Experts,

" Can a financial institution legally opt for two remedies at the same time i.e. action u/s 29 of SFC Act and also action u/s 13(2) of SARFAESI Act ???

 
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Lawyer at Supreme Court of India

Dear,

 

There is a famous maxim which say "ubi jis ibi remdium" which says that where there is a right there is a remedy, which means if a have five different rights with the same cause of action, then you can seek five remedies, provided they are not dependent on any other remedy.

 

Adv Kapil Chandna

9899011450

 
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Dear Kapil, won't it be covered under the "Doctrine of election of remedy" ??

 
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