DRAT cannot entertain appeals without making mandated pre-deposit of 50% amount due to be recovered, Supreme Court

In view of Section 18 of the SARFAESI Act, the Supreme Court observed that "The High Court cannot give directions which are contrary to law."
Supreme Court
Supreme Court

The Supreme Court on Monday held that an appeal before the Debt Recovery Appellate Tribunal (DRAT) cannot be filed without mandating that 50% of the amount due to be recovered from the borrower be deposited.

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