https://www.taxtmi.com/caselaws?id=196440 A statutory right of appeal under the Securitisation Act may be subjected to a pre-deposit condition, because the right of appeal is not inherent and the legislature may regulate its exercise. The second proviso to Section 18(1), which requires deposit of fifty per cent of the debt due with discretion to reduce it to twenty-five per cent, was found neither arbitrary nor confiscatory. The challenge under Article 14 therefore failed, and the constitutional validity of the pre-deposit scheme was upheld. en-us Wed, 14 Dec 2005 00:00:00 +0530 Thu, 30 Nov 2017 18:25:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196440 A statutory right of appeal under the Securitisation Act may be subjected to a pre-deposit condition, because the right of appeal is not inherent and the legislature may regulate its exercise. The second proviso to Section 18(1), which requires deposit of fifty per cent of the debt due with discretion to reduce it to twenty-five per cent, was found neither arbitrary nor confiscatory. The challenge under Article 14 therefore failed, and the constitutional validity of the pre-deposit scheme was upheld. Case-Laws Companies Law Wed, 14 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196440