Partly allowed
R Ganesh v. Equitas Small Finance Bank Limited
DRATMISC APPEAL/32/2022
Case brief
AI extract
What is this about?
The Tribunal allowed advancement of hearing for a waiver application. Regarding a pending appeal against an RBI order, the court held that amounts paid after the Section 13(2) notice must be deducted from the Notice claim amount. The appellant was ordered to deposit 50% of the balance due (Rs. 3,86,963) within two weeks to maintain the appeal.
What did the court decide?
Allowed the application to advance hearing; directed appellant to deposit 50% of the reduced claim amount (Rs. 3,86,963) within two weeks; appeal stands rejected if deposit is not made.