UNION BANK OF INDIA Vs. RAJAT INFRASTRUCTURE PVT. LTD.
SUPREME COURT OF INDIA
UNION BANK OF INDIA
Rajat Infrastructure Pvt. Ltd.
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DEEPAK GUPTA,J. -
(2.)These appeals were initially directed against the order dated 25.11.2019 of the Bombay High Court. By the said impugned order the High Court had relegated the appellant before it i.e. respondent
no. 1 herein to avail the statutory remedy of appeal before the Debt
Recovery Appellate Tribunal (for short 'the DRAT').
(3.)The short question which arises for determination is whether the High Court was right in directing that predeposit was not
required for entertaining an appeal before the DRAT as mandated
by Section 18 of the Securitisation and Reconstruction of Financial
Assets and Enforcement of Security Interest Act, 2002 (for short
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