Dismissed
Shri Rajendra Soni and Ors. v. Bank of Baroda
DRATREGULAR APPEAL/8/2022
Case brief
AI extract
What is this about?
The Tribunal held that the appeal filed by the appellants is not maintainable as the requisite 25% deposit mandated under Section 18 of the SARFAESI Act was not made. Consequently, the appeal was dismissed based on non-compliance with mandatory deposit requirements.
What did the court decide?
Appeal dismissed for non-deposit of the mandatory amount under Section 18 of the SARFAESI Act.