Under Section 18 of the SARFAESI Act 2002, before preferring an appeal to the Debts Recovery Appellate Tribunal against an order of the Debts Recovery Tribunal, the borrower must deposit a percentage of the amount due from him, which the Appellate Tribunal may, for reasons recorded in writing, reduce to not less than -

Section 18 of the SARFAESI Act 2002 provides an appeal from an order of the Debts Recovery Tribunal to the Debts Recovery Appellate Tribunal. The proviso to Section 18(1) requires that no appeal shall be entertained unless the borrower has deposited with the Appellate Tribunal fifty per cent of the amount of the debt due from him, as claimed by the secured creditor or as determined by the DRT, whichever is less. The second proviso empowers the Appellate Tribunal, for reasons recorded in writing, to reduce the deposit to not less than twenty-five per cent of the debt. Thus, while the general pre-deposit is fifty per cent, the irreducible minimum is twenty-five per cent; ten, fifty, seventy-five and hundred per cent are incorrect in the context of the minimum.