Question

Under Section 18 of the SARFAESI Act 2002, an appeal to the Appellate Tribunal against an order of the Debts Recovery Tribunal is not entertainable unless the appellant has deposited -

Q: Answer-Under Section 18 of the SARFAESI Act 2002, an appeal to the Appellate Tribunal against an order of t...

Under Section 18 of the SARFAESI Act, 2002, an appeal to the Appellate Tribunal DRAT against an order of the Debts Recovery Tribunal DRT is not entertainable unless the borrower has deposited 50 of the amount of debt due from them. Key details of this requirement include Calculation of Amount The 50 deposit is calculated based on the amount of debt due as claimed by the secured creditor or as determined by the DRT , whichever is less. Discretionary Reduction The Appellate Tribunal has the power, for reasons to be recorded in writing, to reduce this pre-deposit amount, but not to less than 25 of the debt due.

A seventy-five per cent of the amount claimed by the secured creditor in his application

B the entire amount claimed by the secured creditor, being full pre-deposit

C ten per cent of the amount of debt due to the secured creditor

D fifty per cent of the amount claimed by the secured creditor in the application

E twenty-five per cent of the amount claimed by the secured creditor in the application

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