DRAT Cannot Entertain An Appeal U/s 18 SARFAESI Act Without Insisting On Pre- Deposit: SC [Read Judgment]

The Supreme Court has observed that the Debt Recovery Appellate Tribunal cannot entertain an appeal under Section 18 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, without insisting on pre­-deposit. The bench of Justice Deepak Gupta and Justice Aniruddha Bose set aside the judgment of the Bombay High Court that held that no...