Pre-Deposit Not Mandatory for Appeals Against Procedural Orders of DRT Under Section 18 of SARFAESI Act: Supreme Court

In a significant ruling interpreting Section 18 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002, the Supreme Court of India has held that the mandatory requirement of pre-deposit does not apply when an appeal is filed against a procedural order of the Debts Recovery Tribunal (DRT). The

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