Section 30A
Deposit of amount of debt due for filing appeal against orders of the Recovery Officer.
The Recovery Of Debts And Bankruptcy Act, 1993
About this Act
An Act to provide for the establishment of Tribunals for expeditious adjudication and recovery of debts due to banks and financial institutions and for matters connected therewith or incidental thereto.
1[30A. Deposit of amount of debt due for filing appeal against orders of the Recovery
Officer. -- Where an appeal is preferred against any order of the Recovery Officer, under section 30, by
any person from whom the amount of debt is due to a bank or financial institution or consortium of banks
or financial institutions, such appeal shall not be entertained by the Tribunal unless such person has
deposited with the Tribunal fifty per cent. of the amount of debt due as determined by the Tribunal.]
Notes
1 Ins. by Act 44 of 2016, s. 40 (w.e.f. 1-9-2016).