Multiple choice

When the borrower wants to file an appeal against order of DRT, which of the following is not correct?

  1. He can do so within 45 days of receipt of order by him.

  2. He can do so by depositing 75% of amount of order.

  3. He can do so by filing an appeal with High Court or DRAT.

  4. He can do so without depositing any amount when permitted by DRAT.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests (SARFAESI) Act 2002, an appeal can be filed before the DRAT against orders passed by the DRT.

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