Partly allowed
Sri Sangeetha Mills v. Shriram City Union Finance Ltd.
DRATMISC APPEAL/2/2024
Case brief
AI extract
What is this about?
The Tribunal determined the quantum of statutory deposit for entertaining an appeal under the SARFAESI Act by reducing the deposit to 25% of the claimed amount due to agricultural property nature, directing commencement within two weeks.
What did the court decide?
Petitioners directed to deposit Rs.29,95,271 (25% of claim) within two weeks to entertain the appeal.