Deposit of amount of debt due, on filing appeal
Section 21 of the Recovery Of Debts And Bankruptcy Act, 1993 deals with deposit of amount of debt due, on filing appeal. Where an appeal is preferred by any person from whom the amount of debt is due to a bank or a financial institution or a consortium of banks or financial institutions, such appeal shall not be entertained by the Appellate Tribunal unless such person has deposited with the Appellate Tribunal [fifty p The Act came into force on 24 Jun 1993.
Where an appeal is preferred by any person from whom the amount of debt is due to a bank or a financial institution or a consortium of banks or financial institutions, such appeal shall not be entertained by the Appellate Tribunal unless such person has deposited with the Appellate Tribunal 1[fifty per cent.] of the amount of debt so due from him as determined by the Tribunal under section 19:
Provided that the Appellate Tribunal may, for reasons to be recorded in writing, 2[reduce the amount to be deposited by such amount which shall not be less than twenty-five per cent. of the amount of such debt so due] to be deposited under this section.
Section 21, The Recovery Of Debts And Bankruptcy Act, 1993 (Act 51 of 1993).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Made under this section, and citing it
2 instruments name this provision in its title or its text without being made under it.
Questions about Section 21
What does Section 21 of the Recovery Of Debts And Bankruptcy Act deal with?
Section 21 of the Recovery Of Debts And Bankruptcy Act is headed "Deposit of amount of debt due, on filing appeal". Where an appeal is preferred by any person from whom the amount of debt is due to a bank or a financial institution or a consortium of banks or financial institutions, such appeal shall not be entertained by the Appellate Tribunal unless such person has deposited with the Appellate Tribunal [fifty p
How do I find court cases under Section 21 of the Recovery Of Debts And Bankruptcy Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Recovery Of Debts And Bankruptcy Act 21, section 21 Recovery Of Debts And Bankruptcy Act, section 21 of the Recovery Of Debts And Bankruptcy Act. People searching for it also type section 21 of the recovery of debts and bankruptcy act 1993. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 21 of the Recovery Of Debts And Bankruptcy Act, and has it changed?
Its own text turns on section 19 (Application to the Tribunal), so none of them can safely be read on its own. 2 instruments name it without being made under it, most recently various amendments in DRAT and DRT procedural rules (2016), then Debts Recovery Tribunal (Procedure) Rules, 1993 (1993).
When did Section 21 of the Recovery Of Debts And Bankruptcy Act come into force?
Section 21 of the Recovery Of Debts And Bankruptcy Act, cited as Recovery Of Debts And Bankruptcy Act 21, came into force on 24 Jun 1993, having been enacted on 27 Aug 1993. It is in force as at the date shown on this page.
Other sections of this Act
- 19. Application to the Tribunal3387 words
- 28. Other modes of recovery1009 words
- 2. Definitions948 words
- 36. Power to make rules528 words
- 19A. Filing of recovery applications, documents and written statements in electronic form419 words
- 27. Stay of proceedings under certificate and amendment or withdrawal thereof346 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 14 Oct 2026. This page is not a substitute for legal advice.