https://www.taxtmi.com/caselaws?id=774626 Under SARFAESI Section 18(1), pre-deposit for an appeal is ordinarily 50% of the debt due, reducible to not less than 25% only on recorded reasons showing a prima facie case and financial hardship. Sparse hardship pleadings and weak material on the account classification did not justify waiver or reduction to 25%. The expression "debt due" for pre-deposit purposes includes interest accrued up to the date of filing the appeal, because the statutory definition of debt is broad enough to cover liability inclusive of interest. On that basis, accrued interest forms part of the appellate pre-deposit base. en-us Thu, 19 Dec 2024 00:00:00 +0530 Sat, 12 Jul 2025 08:40:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774626 Under SARFAESI Section 18(1), pre-deposit for an appeal is ordinarily 50% of the debt due, reducible to not less than 25% only on recorded reasons showing a prima facie case and financial hardship. Sparse hardship pleadings and weak material on the account classification did not justify waiver or reduction to 25%. The expression "debt due" for pre-deposit purposes includes interest accrued up to the date of filing the appeal, because the statutory definition of debt is broad enough to cover liability inclusive of interest. On that basis, accrued interest forms part of the appellate pre-deposit base. Case-Laws Indian Laws Thu, 19 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774626