Debt means any liability inclusive of interest which is claimed as due from any person under SARFAESI Act: SC

Sidha Neelkanth Paper Industries Private Limited Vs Prudent ARC Limited (Supreme Court of India)

Conclusion: The Hon’ble Supreme Court observed in a case where the borrower also challenges the auction sale and does not accept the same and also challenges the steps taken under Section 13(2)/13(4) of the SARFAESI Act with respect to secured assets, the borrower has to deposit 50% of the amount claimed by the secured creditor along with interest as per section 2(g) of the Act 1993 and as per section 2

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