Section 18B SARFAESI ACT, 2002 (The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002): Appeal to High Court in certain cases.
Appeal to High Court in certain cases.—Any borrower residing in the State of Jammu and Kashmir and aggrieved by any order made by the Court of District Judge under section 17A may prefer an appeal, to the High Court having jurisdiction over such Court, within thirty days from the date of receipt of the order of the Court of District Judge: Provided that no appeal shall be preferred unless the borrower has deposited, with the Jammu and Kashmir High Court, fifty per cent. of the amount of the debt due from him as claimed by the secured creditor or determined by the Court of District Judge, whichever is less: Provided further that the High Court may, for the reasons to be recorded in writing, reduce the amount to not less than twenty‑five per cent. of the debt referred to in the first proviso.]
About us:
Verma Law Associates is an offspring of Advocate Anoop Verma and other experienced Advocates/Lawyers.
At our law firm, we are dedicated to providing top-tier legal services for a wide range of legal matters. Our advocates specialize in
Criminal Law,
Banking Law/DRT,
Civil Law,
Family Disputes,
Consumer Laws,
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When you choose our law firm, you can rest assured that you are in good hands. We are dedicated to providing our clients with the highest level of personalized attention and support, and we are committed to helping you achieve the best possible outcome for your legal matter.
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