https://www.taxtmi.com/caselaws?id=306077 Section 18 of the SARFAESI Act requires a borrower's pre-deposit as a mandatory condition for entertaining an appeal, and the appellate tribunal's discretion is limited so that it cannot grant a complete waiver below the statutory floor of twenty-five per cent. Sale notices under the Security Interest (Enforcement) Rules, 2002 must adequately identify the secured asset and comply with notice requirements, but those requirements are intended for the borrower's benefit and may be waived by conduct. Where the borrower had earlier received related notices, proposed sale of the assets, and showed no prejudice from the description, the sale was not vitiated by vagueness or non-compliance with the notice rules. en-us Wed, 30 Nov 2016 00:00:00 +0530 Sun, 08 Jan 2023 20:15:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306077 Section 18 of the SARFAESI Act requires a borrower's pre-deposit as a mandatory condition for entertaining an appeal, and the appellate tribunal's discretion is limited so that it cannot grant a complete waiver below the statutory floor of twenty-five per cent. Sale notices under the Security Interest (Enforcement) Rules, 2002 must adequately identify the secured asset and comply with notice requirements, but those requirements are intended for the borrower's benefit and may be waived by conduct. Where the borrower had earlier received related notices, proposed sale of the assets, and showed no prejudice from the description, the sale was not vitiated by vagueness or non-compliance with the notice rules. Case-Laws Indian Laws Wed, 30 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306077