Upholds Pre-Deposit Requirement Under SARFAESI Act

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Bombay High Court Upholds Pre-Deposit Requirement Under SARFAESI Act, Rejects Borrower’s Waiver Plea for Lack of Financial Hardship and Prima Facie Case, Confirms Accrued Interest as Part of Debt Calculation

1. Court’s Decision: The Bombay High Court rejected the borrower’s writ petition seeking a waiver of the statutory pre-deposit required under Section 18(1) of the SARFAESI Act to appeal a…

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Rawlaw December 31, 2024

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