Smt Radha Yadav and Anr. v. Aadhar Housing Finance Ltd. and Ors.
Case brief
What is this about?
The Appellate Tribunal held that the mandatory 25% pre-deposit towards the SARFAESI Act duty remains obligatory and is not waived by the auction of the debtor's property. The appeal was not entertained due to non-deposit, with listing contingent on payment.
What did the court decide?
Appeal not entertained due to non-deposit of 25% pre-deposit; case listed conditionally upon payment.