A Debts Recovery Tribunal has allowed a bank's application and issued a recovery certificate against a borrower. The borrower wants to appeal to the Debts Recovery Appellate Tribunal. Under Section 21 of the Recovery of Debts and Bankruptcy Act, 1993, the appeal:

Section 21 of the Recovery of Debts and Bankruptcy Act, 1993 provides that where an appeal is preferred by a person from whom the amount of debt due is to be recovered, the Appellate Tribunal shall not entertain the appeal unless he has deposited fifty per cent of the amount of debt due. The Appellate Tribunal may, for reasons to be recorded in writing, waive or reduce the amount required to be deposited, but not below twenty-five per cent of the amount of debt due. The seventy-five per cent figure was the position before the 2016 amendment and is no longer the law, while there is no rule dispensing with the deposit altogether or requiring the entire amount.