https://www.taxtmi.com/caselaws?id=108587 Section 21 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 requires pre-deposit for an appeal, while its proviso permits judicial waiver or reduction on relevant reasons. The High Court held that the Appellate Tribunal had properly exercised that discretion by considering the prolonged non-payment, the appellants' conduct, and the circumstances of the case, and by reducing the pre-deposit to 60% of the decretal amount. The recorded reasons were found germane and not arbitrary. The existence of securities did not change the position because the debt had remained unrecovered for years, so the partial pre-deposit order was upheld. en-us Tue, 19 Nov 2002 00:00:00 +0530 Mon, 02 Apr 2012 18:00:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108587 Section 21 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 requires pre-deposit for an appeal, while its proviso permits judicial waiver or reduction on relevant reasons. The High Court held that the Appellate Tribunal had properly exercised that discretion by considering the prolonged non-payment, the appellants' conduct, and the circumstances of the case, and by reducing the pre-deposit to 60% of the decretal amount. The recorded reasons were found germane and not arbitrary. The existence of securities did not change the position because the debt had remained unrecovered for years, so the partial pre-deposit order was upheld. Case-Laws Companies Law Tue, 19 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108587