Under the Recovery of Debts and Bankruptcy Act, 1993, an appellant files an appeal before the Appellate…
The statutory requirement to deposit the debt amount before an appeal before the Appellate Tribunal can proceed is governed by section 21 of the Act, separately from section…
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Under the Recovery of Debts and Bankruptcy Act, 1993, an appellant files an appeal before the Appellate Tribunal, and a question arises regarding the statutory requirement of depositing the debt amount. Which provision would primarily govern the issue?
Answer and explanation
Correct answer B
The statutory requirement to deposit the debt amount before an appeal before the Appellate Tribunal can proceed is governed by section 21 of the Act, separately from section 20, which merely provides for the appeal.