The Debt Recovery Appellate Tribunal allowed an application for total waiver of pre-deposit under the pre-amended Section 21 of the RDDB&FI Act, citing the appellants' impecuniosity and meritorious case.
Total waiver of pre-deposit granted under pre-amended Section 21 of RDDB&FI Act.
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Mr. Justice Ashok Menon, Chairperson
M.A. No. 238/2015 (WoD)
In
Appeal No. 115/2015
Between
Mr. Jacob Panikulangura Joseph & 2 Ors. … Appellant/s V/s.
Bank of Baroda & Anr. …Respondent/s
Mr. Mayank Bagla, i/b M/s. Bagla & Assoc., Advocate for Appellants.
Mr. Prashant Shinde, Advocate for Respondent No.1.
-: Order dated: 25/07/2022:-
1
therefore, the matter was posted for further hearing on the deposit to be made between 50% and 25%.
2
Appellants have a very good case on merits, and under these circumstances, the Appellants pray for total waiver of pre-deposit.
Sd/Chairperson
dpj-5
3
2 issues framed by the court
Whether appellants are entitled to total waiver of pre-deposit under the pre-amended Section 21 of RDDB&FI Act.
Whether impecuniosity and loss of assets qualify for total waiver of pre-deposit.
1 provisions across 1 enactments
Mr. Jacob Panikulangura Joseph & 2 Ors.
Bank of Baroda
Ashok Menon
As recorded by the court registry
6 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
