Supreme Court · 2011 INSC 222 · Decided 18 March 2011
Narayan Chandra Ghosh v. Uco Bank & ORS.
- Court
- Supreme Court of India
- Citation
- 2011 INSC 222 · [2011] 3 S.C.R. 1024
- Case number
- CIVIL APPEAL No. 2681/2011
- Decided
- 18 March 2011
- Bench
- D.K. JAIN, H.L. DATTU (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
Headnote
Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002: s.18 - Requirement of pre-deposit of amount in terms of s. 18 - Whether mandatory - Held: Right to file appeal ui~. 18 is conferred subject to condition laid down in the second proviso thereto - shall be entertained unless the borrower has D deposited with the Appellate Tribunal 50% of the amount of debt due from him, as claimed by the secured creditors or as determined by the Debts Recovery Tribunal, whichever is less - H<?wever, under the third proviso to the sub-section, the
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