Dismissed
Elogic Technologies Pvt. Ltd. v. a.O.,Fullerton India Credit Co. Ltd.
Case brief
AI extract
What is this about?
The Debt Recovery Appellate Tribunal rejected an application for waiver of the fifty per cent statutory deposit required to file an appeal under the SARFAESI Act, ordering the appellant to deposit the balance amount within fifteen days or face rejection of the appeal.
What did the court decide?
Appellants ordered to deposit Rs.1,83,47,827/- within 15 days; appeal to be rejected if deposit is not made.