Under Section 21 of the RDDBFI Act, 1993, what percentage of the debt amount (as determined by the DR

Solution

Explanation:
Section 21 of the RDDBFI Act, 1993 is a crucial provision that imposes a mandatory  pre-deposit condition  as a prerequisite for entertaining an appeal before the DRAT. It states that where an appeal is preferred by any person from whom the debt is due, such appeal  shall not be entertained  unless the person has deposited  50% of the amount of debt  as determined by the DRT under Section 19. ​ The critical  proviso  to Section 21 allows the DRAT to  waive or reduce  this deposit amount for reasons to be recorded in writing. This provision serves the purpose of  deterring frivolous appeals  while also ensuring that genuine hardship cases have a safety valve through the proviso.