R. Sitaramamma v. Sundram Bnp Paribas Home Finance Ltd.
DRATREGULAR APPEAL/119/2022
Case brief
AI extract
What is this about?
In this appeal arising under Section 18(1) of the SARFAESI Act 2002, the Tribunal considered an application for waiver of pre-deposit. Since the appellant had deposited an amount exceeding 50% of the total due, the waiver application was allowed and the matter was listed for hearing.
What did the court decide?
The waiver application I.A. 420 of 2019 is allowed as the deposited amount exceeds 50% of the due. The matter is disposed of in the interest of the applicants and listed for hearing of the appeal.