Dismissed
G Selvaraj v. Bank of Baroda
DRATMISC APPEAL/32/2023
Case brief
AI extract
What is this about?
The Chairperson of the Debt Recovery Appellate Tribunal, Chennai, disposed of an application seeking a waiver or reduction of the statutory deposit under Section 21 of the RDB Act, 1993. Finding no grounds for reduction, the court directed the appellant to pay 50% of the claimed amount.
What did the court decide?
Appellant directed to deposit Rs. 9,75,369/- within two weeks; Appeal to stand rejected if not deposited; Appeal post-ed.