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Pre-deposit of amt by DRT couldn't be insisted on when appeal was filed before Arbitral tribunal

December 13, 2018[2019] 101 416 (Delhi)

FEMA, BANKING & INSURANCE : Where a person other than borrower/guarantor files an appeal before Arbitral Tribunal then stipulation of pre-deposit of 50 per cent (or 25 per cent) of amount of debt due from him as claimed by secured creditors or determined by DRT cannot be insisted upon

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