Whether the Appellate Tribunal under the SARFAESI Act, 2002 has the power to condone delay in filing an appeal under Section 18(1) of the said Act – Baleshwar Dayal Jaiswal Vs. Bank of India and Ors. – Supreme Court

The question is answered in the affirmative by holding 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. The contrary view taken by the Madhya Pradesh High Court in Seth Banshidhar Media Rice Mills Pvt. Ltd. case is overruled

Whether the Appellate Tribunal under the SARFAESI Act, 2002 has the power to condone delay in filing an appeal under Section 18(1) of the said Act – Baleshwar Dayal Jaiswal Vs. Bank of India and Ors. – Supreme Court Read Post »