Partly allowed
H Anuradha v. Canara bank
DRATREGULAR APPEAL/109/2023
Case brief
AI extract
What is this about?
In an appeal under SARFAESI Act, the Tribunal rejected the appellant's submission to deposit only 25% of the secured assets' auction value. The Court directed a higher deposit of 30% of Rs 9.78 crores as a condition for admitting the appeal, failing which it would be dismissed.
What did the court decide?
Direction to the appellant to deposit 30% of Rs. 9.78 crores as pre-deposit within six weeks for the admission of the appeal.