https://www.taxtmi.com/caselaws?id=196441 The second proviso to Section 18(1) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, requires a pre-deposit as a condition for entertaining an appeal. The stated legal position is that a statutory right of appeal can be regulated by reasonable conditions, and a deposit of fifty per cent of the amount due, reducible to not less than twenty-five per cent for recorded reasons, is not discriminatory or violative of Article 14. The condition is presented as a measure to deter frivolous appeals and does not make the appellate remedy illusory, especially since the deposited amount remains refundable to the appellant. en-us Fri, 24 Apr 2009 00:00:00 +0530 Thu, 30 Nov 2017 18:32:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196441 The second proviso to Section 18(1) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, requires a pre-deposit as a condition for entertaining an appeal. The stated legal position is that a statutory right of appeal can be regulated by reasonable conditions, and a deposit of fifty per cent of the amount due, reducible to not less than twenty-five per cent for recorded reasons, is not discriminatory or violative of Article 14. The condition is presented as a measure to deter frivolous appeals and does not make the appellate remedy illusory, especially since the deposited amount remains refundable to the appellant. Case-Laws Indian Laws Fri, 24 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196441