DRAT can reduce amount of pre-deposit for filing appeal against order of DRT if borrower is facing financial hardship

FEMA/RDB ACT: Where borrower is facing financial hardship and is not able to make pre-deposit of 50 per cent of debt amount, as required for filing appeal against order of DRT, DRAT has discretion to reduce amount of pre-deposit from 50 per cent to 25 per cent, but it does not have jurisdiction to waive requirement of pre-deposit

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