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2010 (9) TMI 216 - HC - Companies LawWhether declaration of the second proviso to section 18 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 unconstitutional? Held that:- There can be no trace of doubt that section 18 which provides for appeal to the Debts Appellate Recovery Tribunal and is hedged by reasonable conditions cannot be treated to be ultra vires . Appeal dismissed.
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