https://www.taxtmi.com/caselaws?id=759308 At the stage of deciding an application for condonation of delay under Section 18 of the SARFAESI Act, the Appellate Tribunal's inquiry is confined to whether sufficient cause exists for filing the appeal out of time; it cannot insist on pre-deposit of 50% of the debt as a condition for examining limitation. The statutory deposit requirement applies only when the appeal is entertained on merits, which occurs after delay is first condoned. A pre-deposit condition therefore cannot be imposed merely to decide the delay issue, and the direction to deposit before considering condonation was set aside, with the matter remanded to the Tribunal on delay alone. en-us Tue, 03 Sep 2024 00:00:00 +0530 Fri, 27 Sep 2024 11:18:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759308 At the stage of deciding an application for condonation of delay under Section 18 of the SARFAESI Act, the Appellate Tribunal's inquiry is confined to whether sufficient cause exists for filing the appeal out of time; it cannot insist on pre-deposit of 50% of the debt as a condition for examining limitation. The statutory deposit requirement applies only when the appeal is entertained on merits, which occurs after delay is first condoned. A pre-deposit condition therefore cannot be imposed merely to decide the delay issue, and the direction to deposit before considering condonation was set aside, with the matter remanded to the Tribunal on delay alone. Case-Laws FEMA Tue, 03 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759308