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Delhi HC directs DRAT Chairperson to decide Waiver Application for Securitization Deposit
Case Law Details
- Case Name
- Chaudhary Ventures Pvt. Ltd & Ors. Vs Union of India & Anr. (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
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Chaudhary Ventures Pvt. Ltd & Ors. Vs Union of India & Anr. (Delhi High Court)
Introduction: In a significant ruling, the Delhi High Court has directed the Chairperson of the Debt Recovery Appellate Tribunal (DRAT) to make a swift decision regarding the application for waiver of the 25% deposit required in the securitization application filed by Chaudhary Ventures Pvt. Ltd & Ors. against the Union of India & Anr. This case highlights the complexities involved in the securitization process and the impact of judicial directions on the parties involved.
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