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CS Professional · Corporate Restructuring, Valuation and Insolvency · Debt Recovery and SARFAESI

Ramesh, a guarantor who is not the borrower, is aggrieved by a DRT order under section 17 of the SARFAESI Act, 2002 received on 1 March. By when must he prefer an appeal to the Appellate Tribunal, as per the Act's text?

Any person aggrieved by a DRT order under section 17, including a non-borrower guarantor, may appeal to the Appellate Tribunal within thirty days from the date of receipt of the order. The fee may differ for non-borrowers, but the period does not.

  1. AWithin thirty days from the date of receipt of the DRT's orderCorrect
  2. BWithin sixty days from the date of the DRT's order
  3. CWithin ninety days from the date of the secured creditor's notice
  4. DWithin forty-five days from the date of receipt of the order

Explanation

Section 18(1) lets any person aggrieved by a DRT order under section 17 appeal within thirty days from the date of receipt of the order. The Act also allows different fees for a borrower and a person other than the borrower, but the time limit is the same.

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