Demand of borrower is legal and tenable and amount deposited will be returned to borrower


Last updated: 27 October 2022

Court :
Appellate Tribunal

Brief :
Borrower has appealed Order under SARFASEI ACT before DRAT and has deposited 50% of the contended sum. The appeal was further withdrawn by the borrower and appealed for refund of deposit amount. The Bank contended it cannot be refunded.

Citation :
Civil Appeal No. 4379 of 2016

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