High Court of Karnataka Sets Aside DRAT Pre-Deposit Condition in SARFAESI Appeal — Petitioner Granted Relief Without Pre-Deposit. The Court held that the DRAT's power to waive or reduce pre-deposit under Section 18 of the SARFAESI Act is discretionary and must be exercised judiciously, and that the condition of depositing 25% of the debt amount was onerous and disproportionate.
1 Jul 2020The petitioner, M/s. Sanjeevini Drug House, a proprietorship concern, had availed credit facilities from Kavery Grameena Bank (respondent No.1). Upon ...




