Pre-Deposit Amount before Appeal Challenged in High Court Chandigarh
Pre-deposit in DRT appeals (Debts Recovery Tribunal) under the SARFAESI Act generally requires depositing 50% of the debt due, as claimed or determined, to file an appeal with the Appellate Tribunal (DRAT), but recent Supreme Court rulings clarify this isn’t mandatory for procedural orders; only substantive orders (like final liability) attract the deposit, and no pre-deposit is needed if … Read more
