The appeal in question arises from disputes surrounding the sale of secured assets under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act SARFAESI Act Initially ... heard in lower courts including the Punjab Haryana High Court and the Delhi High Court conflicting judgments prompted parties to seek resolution in the Supreme Court of India The case is currently being held in the Supreme Court as Civil Appeal No of among others challenging the rulings passed by the respective high courts The appeal pertains to the jurisdiction of Company Courts and Official Liquidators in overseeing the sale of secured assets by secured creditors with implications for the interpretation and application of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act SARFAESI Act vis- -vis the Companies Act

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