Securitisation & Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002–Sec. 18–View of High Court that pre-deposit was not required for entertaining an appeal before the DRAT as mandated by Sec. 18 of Act–Whether correct ?–Held, no–Further held, a guarantor or a mortgager who has mortgaged its property to secure the repayment of the loan, stands on the same footing as a borrower and if he wants to file an appeal, he must comply with the terms of Sec. 18 of Act.
