Dismissed
Maxworth Realty India Ltd. v. Ao.Karnataka State Financial Corporation
Case brief
AI extract
What is this about?
The Debt Recovery Appellate Tribunal rejected an appeal filed by Maxworth Reality India Ltd. against an impugned order of the Debt Recovery Tribunal after finding that the appellants failed to deposit the required amount within the stipulated statutory time limit.
What did the court decide?
The Appeal filed by the Appellants is rejected for non-compliance of the order dated 28.03.2024 regarding deposit under Section 18(1) of the SARFAESI Act, 2002.