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Shiva Stainless Steel (P) Ltd. vs. Canara Bank

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Securitization & Reconstruction of Financial Assets & Enforcement of Security Interest Act, 2002–Sec. 18–Conclusion of DRAT that the appellant was required to pre-deposit the 50% amount demanded by the Bank or Financial Institute–Benefit of waiver of 25% of the recoverable debt was not agreed by the counsel of petitioner–Held, the appeal was rightly held nonmaintainable.