Section 21 Amendment: Pre-deposit for Debt Recovery Cut from 75% to 50%; Petition for Prospective Application Rejected.

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....Waiver of pre-deposit of debts - Recovery of Debts - Section 21 of the Banks and Financial Institutions Act, 1993 - Nature and effect of amendment - he quantum of the amount of pre-deposit has been reduced to 50% in place of 75% - the contention of the petitioner that the amendment is prospective in effect, is not acceptable.....