Directorate Of Enforcement vs Niraj Tyagi

The Supreme Court addressed appeals against interim orders of the Allahabad High Court that stayed FIR proceedings and coercive actions against respondents in a financial dispute involving India Bulls Housing Finance Limited (IHFL) and the Shipra Group. The Court emphasized the need for a balanced approach in financial disputes, particularly under the SARFAESI Act, and held that the High Court's stay orders were inappropriate given the ongoing recovery proceedings. The Court directed that the interim orders be vacated, allowing IHFL to proceed with its recovery actions.