https://www.taxtmi.com/caselaws?id=391133 Under Section 18(1) of the SARFAESI Act, the borrower's appeal remained subject to the statutory pre-deposit because the borrower could not disown the secured creditor's status after having earlier challenged the assignment. The debt shown in the Section 13(2) notice remained the basis for computing the deposit where no contrary determination had been made by the DRT. Sale proceeds of the secured assets could not be adjusted towards the appeal deposit when the borrower itself disputed the sale. The expression "debt due" was treated as broad enough to include accrued and future interest where claimed in the notice. en-us Wed, 20 Nov 2019 00:00:00 +0530 Sat, 18 Jan 2020 18:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391133 Under Section 18(1) of the SARFAESI Act, the borrower's appeal remained subject to the statutory pre-deposit because the borrower could not disown the secured creditor's status after having earlier challenged the assignment. The debt shown in the Section 13(2) notice remained the basis for computing the deposit where no contrary determination had been made by the DRT. Sale proceeds of the secured assets could not be adjusted towards the appeal deposit when the borrower itself disputed the sale. The expression "debt due" was treated as broad enough to include accrued and future interest where claimed in the notice. Case-Laws Indian Laws Wed, 20 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391133