Bombay High Court Upholds Pre-Deposit Condition for Appeal Under Recovery of Debts Due to Banks and Financial Institutions Act, 1993 — Section 21 Mandates Deposit of 75% of Debt Amount Before Entertaining Appeal. The Court declined to interfere with the Appellate Tribunal's order directing 50% deposit, as the order was within the Tribunal's discretion and the petitioners had an alternative remedy.
12 Aug 2005The petitioners, Ashish Mines & Minerals and others, were borrowers who had availed credit facilities from the Central Bank of India in 1985, includin...
