Partly allowed
Sri P v. Ramana Moorthy v Arcil & Ors.
DRATREGULAR APPEAL/88/2023
Case brief
AI extract
What is this about?
The Debt Recovery Appellate Tribunal allowed the appellant's application for waiver of pre-deposit under Section 18 of the SARFAESI Act, noting he is a lessee. The appeal was registered as regular and possession status quo was maintained pending hearing.
What did the court decide?
Application for waiver of pre-deposit allowed; Appeal registered as regular; Status quo maintained regarding possession.