Appeal fee for filing sa appeal at drt ranciunder section

Vinay Kumar Prasad (Querist) 10 August 2020 This query is : Resolved
Kindly let me know as to what would be Appeal fee amount for filing a SA appeal before DRT Ranchi u/s 17(1) of SARFAESI Act where the disputed demand amount is Rs. 7,34,904/-

A prompt reply will be highly appreciated

Thanks and regards
Vinay Prasad
Advocate , Jamshedpur

Follow Query

Report Abuse

Quick Summary

This discussion clarifies the appeal fee for filing a SA appeal at the Debt Recovery Tribunal (DRT) in Ranchi under Section 17(1) of the SARFAESI Act. For a disputed demand amount of Rs. 7,34,904, the fee is £12,000, as amounts below £10 lakh incur this charge. It also touches upon the DRT's pecuniary jurisdiction, which typically starts at Rs. 20,00,000, and the process for borrowers to appeal possession notices.

Rajendra K Goyal (Expert) 11 August 2020
It is 12,000/- for amount less than 10 lacs. Confirm from your lawyer before proceeding.

R.K Nanda (Expert) 11 August 2020
Contact local lawyer.

Dr J C Vashista (Expert) 12 August 2020
Dear Mr. Vinay Kumar Prasad,
How was your case admitted and adjudicated in DRT for a claim of Rs. 7,34,904/- since pecuniary jurisdiction of DRT start at Rs. 20,00,000/- but not less than the amount, even earlier limit was Rs. 10,00,000/- ?

Rajendra K Goyal (Expert) 12 August 2020
On receipt of possession notice u/s. 13(4) of Sarfaesi Act the borrower can prefer appeal before DRT u/s. 17, seeking stay of proceedings and to set aside the action initiated.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

Ask Query
Unanswered Queries