https://www.taxtmi.com/highlights?id=67646 Interpretation of statute - calculation of amount of pre-deposit u/s 18 of the SARFAESI Act - 50% of which amount the borrower is required to deposit as pre-deposit - the respective High Courts have seriously erred in directing to adjust/appropriate the amount realised by auction sale of the secured properties/deposited by the auction purchasers while considering the 50% of the amount as pre-deposit to be deposited by the borrower, while preferring an appeal before the DRAT. - SC en-us Thu, 12 Jan 2023 07:21:50 +0530 Thu, 12 Jan 2023 07:21:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=67646 Interpretation of statute - calculation of amount of pre-deposit u/s 18 of the SARFAESI Act - 50% of which amount the borrower is required to deposit as pre-deposit - the respective High Courts have seriously erred in directing to adjust/appropriate the amount realised by auction sale of the secured properties/deposited by the auction purchasers while considering the 50% of the amount as pre-deposit to be deposited by the borrower, while preferring an appeal before the DRAT. - SC Highlights Indian Laws Thu, 12 Jan 2023 07:21:50 +0530 https://www.taxtmi.com/highlights?id=67646