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DRT can't reduce amount of deposit as a pre-condition for entertaining appeal below 25% of debt rules, HC

June 25, 2019[2019] 106 taxmann.com 121 (Bombay)
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FEMA, BANKING & INSURANCE: Though a discretionary power has been conferred on Debt Recovery Appellate Tribunal under third provisio to sub-section (1) of section 18 to determine amount of deposit as a pre-condition for entertaining appeal against order of Tribunal, such discretion is not an absolute one, but a limited one, and Appellate Tribunal is not competent to reduce amount of deposit below twenty-five per cent of debt

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