https://www.taxtmi.com/caselaws?id=300397 Section 21 of the Recovery of Debts and Bankruptcy Act, 1993 requires a 50% pre-deposit as a statutory condition for an appeal before the Appellate Tribunal, with limited discretion to reduce that amount for recorded reasons, but not below 25%. A complete waiver is incompatible with the statutory scheme. On the facts, the debt remained outstanding despite appropriation of compensation, so the High Court was not justified in setting aside the Tribunal's pre-deposit order. However, the peculiar circumstances warranted reduction of the deposit to 25% of the balance amount quantified by the Tribunal. en-us Tue, 16 Feb 2021 00:00:00 +0530 Tue, 18 Mar 2025 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300397 Section 21 of the Recovery of Debts and Bankruptcy Act, 1993 requires a 50% pre-deposit as a statutory condition for an appeal before the Appellate Tribunal, with limited discretion to reduce that amount for recorded reasons, but not below 25%. A complete waiver is incompatible with the statutory scheme. On the facts, the debt remained outstanding despite appropriation of compensation, so the High Court was not justified in setting aside the Tribunal's pre-deposit order. However, the peculiar circumstances warranted reduction of the deposit to 25% of the balance amount quantified by the Tribunal. Case-Laws IBC Tue, 16 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300397