#Statutory Deposit

Bombay High Court rules that Debt Recovery Appellate Tribunals cannot reject stay applications on grounds of non-deposit without first adjudicating pending exemption requests. The ruling reinforces natural justice principles, ensuring borrowers retain interim protection during appeal proceedings.

Bombay High Court holds that remand of a cooperative society dispute does not entitle the member to automatic refund of statutory deposit under Section 154(2A) of the MCS Act.