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Law Aspire (Legal)     27 December 2016

Appeal to drat by bank (secured creditor)

This query is pertaining to SARFAESI Act.

 

When the Bank takes action under Section 13(4)  nd aggrieved by this borrower approaches DRT. On this application DRT passes any order in favour of Borrower.

Against  this Order Bank can file an appeal to DRAT ?

Does the Bank will be required to pre-deposit 50% of the amount Claimed in this particular situation?



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