Act: The Recovery of Debts and Bankruptcy Act, 1993 (Act No. 51 of 1993)
Chapter V – Recovery of Debt Determined by Tribunal
30A. Deposit of amount of debt due for filing appeal against orders of the Recovery Officer
Where an appeal is preferred against any order of the Recovery Officer, under section 30, by any person from whom the amount of debt is due to a bank or financial institution or consortium of banks or financial institutions, such appeal shall not be entertained by the Tribunal unless such person has deposited with the Tribunal fifty per cent. of the amount of debt due as determined by the Tribunal.
Amendment: Ins. by Act 44 of 2016, s. 40 (w.e.f. 1-9-2016).
