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Head Note

Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002  - Section 18

Recovery of Debts Due to Banks and Financial Institutions Act, 1993, Section 20(3) - Debt Recovery Appellate Tribunal - Appeal - Condonation of Delay - Held that 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.

Topic(s)-Debt Recovery - Condonation of Delay - Appellate Tribunal can condone delay