Union Bank Of India vs Rajat Infrastructure Pvt. Ltd.

The Supreme Court addressed the issue of whether a pre-deposit is required for an appeal before the Debt Recovery Appellate Tribunal under the SARFAESI Act. The court held that the Bombay High Court was correct in its decision to allow the appeal without a pre-deposit, interpreting the statutory provisions in favor of facilitating access to justice. Consequently, the appeals by Union Bank of India were dismissed, affirming the High Court's order.