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Pay Before Appeal, Supreme Court Tells Borrowers
The Supreme Court has said that a minimum of 25% of the debt owed must be pre-deposited for appeals against DRT orders
22 Feb 2021, 10:49 AM IST
In a positive development for lenders, the Supreme Court has held that borrowers will have to deposit the outstanding debt before filing appeals at the Debt Recovery Appellate Tribunal. The requirement of pre-deposit cannot be done away with, the apex court has held. A three-judge bench of Chief Justice of India SA Bobde, Justice AS Bopanna and Justice V Ramansubramanian overturned a Delhi High Court order that had set aside the requ...
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