Allowed
Ms Bhawani Industries v. State Bank Of India
DRATREGULAR APPEAL/226/2018
Case brief
AI extract
What is this about?
In an application for waiver of pre-deposit under Section 18(1) of the SARFAESI Act 2002, the Tribunal held that since the appellant had recovered more than 25% of the due amount, the waiver was allowed. The application was disposed of.
What did the court decide?
Application for waiver of pre-deposit under Section 18(1) of the SARFAESI Act 2002 allowed as more than 25% amount recovered.