https://www.taxtmi.com/caselaws?id=462685 For a pre-deposit under the second proviso to Section 18(1) of SARFAESI, the amount is to be computed on the debt due as on the date of filing the appeal, not merely the figure mentioned in the Section 13(2) notice. The expression "debt due" is treated as wide enough to include interest accrued and claimed by the secured creditor, so accrued interest forms part of the deposit base. A short time granted to make the deposit was also upheld because it reflected the appellants' own undertaking, the appeal was delayed, and possession proceedings were imminent. en-us Mon, 29 Jan 2024 00:00:00 +0530 Wed, 09 Jul 2025 20:31:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462685 For a pre-deposit under the second proviso to Section 18(1) of SARFAESI, the amount is to be computed on the debt due as on the date of filing the appeal, not merely the figure mentioned in the Section 13(2) notice. The expression "debt due" is treated as wide enough to include interest accrued and claimed by the secured creditor, so accrued interest forms part of the deposit base. A short time granted to make the deposit was also upheld because it reflected the appellants' own undertaking, the appeal was delayed, and possession proceedings were imminent. Case-Laws Indian Laws Mon, 29 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462685