https://www.taxtmi.com/caselaws?id=287140 Section 18 of the SARFAESI Act permits an appeal only on deposit of fifty per cent of the debt due, with limited discretion to reduce that amount for recorded reasons but not below twenty-five per cent. Complete waiver of the statutory pre-deposit is not available as of right, even where the appellant alleges denial of natural justice before the Debts Recovery Tribunal. The appellate forum may insist on compliance with the deposit condition before examining the merits of the appeal, and a challenge to the underlying merits must ordinarily be pursued through the statutory appeal mechanism. en-us Tue, 09 Oct 2018 00:00:00 +0530 Tue, 31 Mar 2020 12:11:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287140 Section 18 of the SARFAESI Act permits an appeal only on deposit of fifty per cent of the debt due, with limited discretion to reduce that amount for recorded reasons but not below twenty-five per cent. Complete waiver of the statutory pre-deposit is not available as of right, even where the appellant alleges denial of natural justice before the Debts Recovery Tribunal. The appellate forum may insist on compliance with the deposit condition before examining the merits of the appeal, and a challenge to the underlying merits must ordinarily be pursued through the statutory appeal mechanism. Case-Laws Indian Laws Tue, 09 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287140