https://www.taxtmi.com/caselaws?id=257258 A reduced pre-deposit made under the SARFAESI Act was treated as a consolidated lump-sum deposit across connected accounts and appeals, following the petitioner's request for reduction from the statutory level. Because the deposit was not segregated account-wise, the petitioner could not later bifurcate it and seek refund merely because one securitisation application was found premature. On the facts, the Tribunal's refusal to order refund was upheld, and no interference was warranted under Article 226. en-us Tue, 19 Aug 2014 00:00:00 +0530 Sat, 07 Mar 2015 07:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257258 A reduced pre-deposit made under the SARFAESI Act was treated as a consolidated lump-sum deposit across connected accounts and appeals, following the petitioner's request for reduction from the statutory level. Because the deposit was not segregated account-wise, the petitioner could not later bifurcate it and seek refund merely because one securitisation application was found premature. On the facts, the Tribunal's refusal to order refund was upheld, and no interference was warranted under Article 226. Case-Laws Indian Laws Tue, 19 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257258