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Predeposit Cannot Be Attached Under SARFESI ACT

In CIVIL APPEAL NO. 4379 OF 2016 (Arising out of SLP (C) No. 13861/2015) of AXIS BANK  Vs SBS ORGANICS PRIVATE LIMITED AND ANOTHER , Supreme Court of India has decided upon as to what is the fate of predeposit  on the disposal of the appeal against an order  passed by DRT under Section 17 . Whereas,…