https://www.taxtmi.com/caselaws?id=339498 Section 18 of the SARFAESI Act makes the prescribed pre-deposit a mandatory condition for entertaining an appeal. The third proviso permits reduction only up to the statutory minimum; complete waiver is not contemplated, unlike the corresponding regime under the RDDB Act. Applying the binding precedent noted in the text, the requirement remains compulsory once the statutory minimum is fixed, and the appellate forum cannot entertain the appeal without compliance. On that basis, the writ petition was not entertainable and was liable to be dismissed for non-satisfaction of the pre-deposit condition. en-us Mon, 16 Jan 2017 00:00:00 +0530 Tue, 28 Feb 2017 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339498 Section 18 of the SARFAESI Act makes the prescribed pre-deposit a mandatory condition for entertaining an appeal. The third proviso permits reduction only up to the statutory minimum; complete waiver is not contemplated, unlike the corresponding regime under the RDDB Act. Applying the binding precedent noted in the text, the requirement remains compulsory once the statutory minimum is fixed, and the appellate forum cannot entertain the appeal without compliance. On that basis, the writ petition was not entertainable and was liable to be dismissed for non-satisfaction of the pre-deposit condition. Case-Laws Indian Laws Mon, 16 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339498