Multiple choice

Which of the following is correct about amount to be deposited while appealing before the appellate tribunal?

  1. No amount is required to be deposited until the appellate tribunal decides.

  2. Court-fee on the appeal amount is required to be paid.

  3. 75 percent of the amount determined by the tribunal is required to be deposited at the time of filing of the appeal.

  4. After admission of the appeal, 75 percent of the amount determined by the tribunal is required to be deposited.
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C Correct answer
Explanation

When against the order passed by the tribunal, the appellants file an appeal before the appellate tribunal constituted under the Act. Under Section 21 of the Act, the judgment-debtor is required to deposit 75 percent of the amount, which is due to the respondent-bank for the appeal to be registered.

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