LawgistThe Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act
18AValidation of fees levied
1[18A. Validation of fees levied.--Any fee levied and collected for preferring, before the commencement of the Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Act, 2004, an appeal to the Debts Recovery Tribunal or the Appellate Tribunal under this Act, shall be deemed always to have been levied and collected in accordance with law as if the amendments made to sections 17 and 18 of this Act by sections 10 and 12 of the said Act were in force at all material times.]
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1 . Ins. by s. 13, ibid. (w.e.f. 11-11-2004).
ENFORCEMENT OF SECURITY INTEREST
- 13 Enforcement of security interest
- 14 Chief Metropolitan Magistrate or District Magistrate to assist secured creditor in taking possession of secured asset
- 15 Manner and effect of take over of management
- 16 No compensation to directors for loss of office
- 17 Application against measures to recover secured debts
- 17A Making of application to Court of District Judge in certain cases
- 18 Appeal to Appellate Tribunal
- 18A Validation of fees levied
- 18B Appeal to High Court in certain cases
- 18C Right to lodge a caveat
- 19 Right of borrower to receive compensation and costs in certain cases
