SARFAESI Act; Eskays Construction Pvt. Ltd. Vs. Soma Papers & Industries Ltd. [Bombay High Court, 30-11-2016] Contents Borrower Section 18 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Sick Industrial Companies (Special Provisions) Act, 1985 Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016 18. Appeal to Appellate Tribunal Narayan Chandra Ghosh v. UCO Bank, (2011) 4 SCC 548 R.G. Dalpatrai and Co. Vs Bank of Baroda, Writ Petition (L) No.2361 of 2014 decided on 9th October, 2014 General Manager, Sri Siddeshwara Cooperative Bank Ltd. v. Ikbal & Ors., (2013) 10 SCC 83 Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 – Section 18 – Appeal to Appellate Tribunal – DRAT has no power or jurisdiction to reduce the deposit amount to less than 25% – Unless the debt due is secured, the borrower cannot be all...