https://www.taxtmi.com/caselaws?id=458276 Section 18 of the SARFAESI Act should not be applied so rigidly that a third party's appeal is rendered ineffective by insisting on pre-deposit of the principal borrower's debt where the appellant asserts he is neither borrower nor mortgagor; the waiver refusal was therefore unsustainable. The text also notes that delay in filing the rejoinder and affidavit of evidence before the DRT may be condoned where time had already been granted and refusal would only prolong proceedings, so the documents were directed to be taken on record. en-us Fri, 11 Oct 2019 00:00:00 +0530 Fri, 18 Oct 2024 19:52:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458276 Section 18 of the SARFAESI Act should not be applied so rigidly that a third party's appeal is rendered ineffective by insisting on pre-deposit of the principal borrower's debt where the appellant asserts he is neither borrower nor mortgagor; the waiver refusal was therefore unsustainable. The text also notes that delay in filing the rejoinder and affidavit of evidence before the DRT may be condoned where time had already been granted and refusal would only prolong proceedings, so the documents were directed to be taken on record. Case-Laws Indian Laws Fri, 11 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458276