Partly allowed
Jai Ambey Regency Pvt. Ltd. v. Housing and Urban Development Corporation Ltd.
Case brief
AI extract
What is this about?
The Bench directed the appellant to deposit 25% of the determined debt as mandatory pre-deposit under Section 21 and Section 19 of the RDB Act before entertaining the appeal. Failure to do so results in dismissal. The matter was listed for hearing on waiver of the remaining amount.
What did the court decide?
Directed to deposit 25% of the debt; if not deposited, appeal to be dismissed. Case listed for 14.09.2023 for hearing on waiver of the remaining 25%.