Section 7 admission requires established financial debt and default, not precise interest quantification, while post-suspension defaults remain action...
Power of Tribunal to condone delay - delay in filing an appeal under Section 18 (1) of the SARFAESI Act can be condoned by the Appellate Tribunal under proviso to Section 20 (3) of the RDB Act read with Section 18 (2) of the SARFAESI Act. - SC
Power of Tribunal to condone delay - delay in filing an appeal under Section 18 (1) of the SARFAESI Act can be condoned by the Appellate Tribunal under proviso to Section 20 (3) of the RDB Act read with Section 18 (2) of the SARFAESI Act. - SC
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