Allowed
Smt K Annapurna v. Union Bank of India and Anr.
DRATREGULAR APPEAL/294/2018
Case brief
AI extract
What is this about?
The Debt Recovery Appellate Tribunal condoned the 32-day delay in filing an appeal by the appellant due to unavailability of the impugned order copy. It further held that as the appellant was a third-party tenant and not a borrower or guarantor, no pre-deposit under Section 18(1) of the SARFAESI Act was required.
What did the court decide?
Condonation of 32-day delay in filing appeal; waiver of pre-deposit requirement; registration as regular appeal; service of fresh notice upon respondents.