Disposed
Smt Kalawati Devi v. State Bank of India and Anr.
DRATREGULAR APPEAL/22/2016
Case brief
AI extract
What is this about?
In Regular Appeal No. 22/2016, this Tribunal addressed the mandatory pre-deposit requirement under section 18 of the SARFAESI Act. The appellant failed to deposit any amount. The court held that the minimum pre-deposit is 25% of the debt and directed the appellant to deposit this mandatory amount within the stipulated period to entertain the appeal. Failure to do so will result in dismissal.
What did the court decide?
Appellant was directed to deposit a minimum of 25% of the amount due within the stipulated period to entertain the appeal.