A caveat (Latin: "beware") is a formal notice filed in court by a party warning the court not to pass any order without giving that party an opportunity to be heard. Under Section 148-A of the CPC, a caveat can be filed if the caveator has a right to appear before the court when an application may be made against their interest.
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For specific advice on how Caveat applies to your debt recovery matter, consult Advocate Subodh Bajpai — LLM, MBA (XLRI Jamshedpur). 25+ years of exclusive banking and debt recovery practice across DRT, SARFAESI, IBC, and NI Act.
Defined by Advocate Subodh Bajpai, Senior Partner, Unified Chambers and Associates