DRAT Kolkata Dismisses Appeal as No Illegality in Conditional Deposit Order

Smt. Pothula Lakshmi Vs A.O (DRAT Kolkata) The appeal arose against an order of the Debts Recovery Tribunal (DRT). The appellant challenged the impugned order despite an interim order dated 04.11.2025 passed by the DRT in her favour. Her grievance was that although she was neither a borrower nor a guarantor, the DRT directed her to deposit Rs. 20 lakhs in two equal instalments. The Appellate Tribunal observed that the issue as to whether the securitisation applicant is a borrower or guarantor is to be examined by the DRT at the time of hearing of the matter. It noted that the interim order had...