Supreme Court Overturns High Court Pre-Deposit Order

Supreme Court allows appeals by SREI Infrastructure Finance Ltd. and Earthcon Construction Pvt. Ltd. against Allahabad High Court order.
Court cites Sidha Neelkanth Paper Industries precedent on SARFAESI Act pre-deposit requirements for appeals.
Directs respondent Khoobsurat Resorts to quantify and make required pre-deposit within five weeks.
Permits Khoobsurat to seek waiver of 25% pre-deposit subject to DRAT approval and creditor objections.