The Supreme Court has ordered that the Debt Recovery Appellate Tribunal (DRAT) cannot entertain appeals under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act without making mandated pre-deposit of 50% of the loan amount. In the case of Union Bank of India vs. Rajat Infrastructure Pvt., the division bench of […]
The post DRAT can’t entertain Appeals under SARFAESI Act without making mandated Pre-deposit of 50% of Loan Amount: SC [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.
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