Legal Question in Banking Law in India

Appeal in DART against Auction

If the Bank auctions the property under SARFAESI act on interim order of DRT and later the property owner even looses the case in final hearing at DRT and decides to appeal the DRAT , will he need to Deposit 75% of the claim amount ?

Thanks in advance for your answer .

Regards Melvin


Asked on 7/21/09, 5:42 am

1 Answer from Attorneys
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: Appeal in DART against Auction

The two appeals are diffierent - one against the order under SARFAESI Act and the other against DRT order on merits of the O.A.

For an appeal against SARFAESI Act order, no deposit is required; however, for appeal on merits, deposit may be necessary.

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Answered on 7/21/09, 6:54 am


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