Akash Ruia and Ors. v. Icici Bank Limited
Case brief
What is this about?
In an application seeking waiver of pre-deposit under the SARFAESI Act, the Appellate Tribunal allowed the prayer. The appellant had already deposited Rs. 5.00 lac out of the demanded amount, and the tribunal disposed of the application without detailed reasoning. The matter was listed for appeal registration.
What did the court decide?
Application No. 432 of 2019 allowed and disposed of. Waverequirement for pre-deposit granted.