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1 - 5 of 5 (0.16 seconds)Section 17 in The Securitisation And Reconstruction Of Financial Assets And Enforcement Of Security Interest Act, 2002 [Entire Act]
The Recovery Of Debts Due To Banks And Financial Institutions Act, 1993
Section 2 in The Securitisation And Reconstruction Of Financial Assets And Enforcement Of Security Interest Act, 2002 [Entire Act]
Sidha Neelkanth Paper Industries Pvt. ... vs Prudent Arc Limited on 5 January, 2023
4. The DRAT has directed the petitioner to deposit 25% of the
amount as a pre-deposit. It is manifest that there is a statutory requirement of
depositing atleast 25% of the amount before an appeal could be adjudicated.
The petitioner is claiming set off of the amount recovered by respondent
No.2-Bank, which is impermissible in law. We also draw support from the
judgment of the Supreme Court in the case of 'Sidha Neelkanth Paper
Industries Pvt. Ltd. & Anr. Vs. Prudential ARC Ltd. & Ors., 2023 SCC
Online SC 12', wherein it has been held as under:-
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