Disposed

Prakaram Land and Development Pvt. Ltd. v. Bank of Baroda and Ors.

Delhi HC25 Sept 2025W.P.(C)/14931/2025

Case brief

AI extract

What is this about?

Auction purchaser challenged a bank's unilateral cancellation of its confirmed public auction of 7.09 acres and the DRAT's refusal of interim relief. With appeals pending before the DRAT, the High Court declined to decide on merits, directed final disposal within 15 working days and stayed further adjudication of the property meanwhile.

What the court decided

AI extract

Prakaram Land and Development Pvt. Ltd. Vs Bank of Baroda… — Banking and Recovery | Delhi HC (2025)

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$~59 to 61 & 64

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IN THE HIGH COURT OF DELHI AT NEW DELHI

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- W.P.(C) 14930/2025, CM APPL. 61486/2025 and CM APPL. 61487/2025

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PRAKARAM LAND AND DEVELOPMENT PVT. LTD.

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.....Petitioner Through: Mr. Anil K Airi, Sr. Adv. along with Mr. Abhishek Batra, Mr. Vishal Tyagi, Mr. Harsh Gautam and Mr. Vishnu Anand, Advs.

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versus

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BANK OF BARODA AND ORS. .....Respondents Through: Mr. Dayan Krishnan Sr. Adv. along with Ms. Saloni Singh and Mr. Anuj Maheshwari, Advs.

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- W.P.(C) 14931/2025, CM APPL. 61488/2025 and CM APPL. 61489/2025

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PRAKARAM LAND AND DEVELOPMENT PVT. LTD.

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.....Petitioner Through: Mr. Sandeep Sethi, Sr. Adv. along with Mr. Abhishek Batra and Mr. Vishnu Anand, Advs.

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versus

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BANK OF BARODA AND ORS. .....Respondents Through: Mr. Kirtiman Singh, Sr. Adv. along with Ms. Ms. Saloni Singh and Mr. Anuj Maheshwari, Advs.

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- W.P.(C) 14947/2025, CM APPL. 61508/2025 and CM APPL. 61509/2025

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This is a digitally signed order.

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The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 04/10/2025 at 15:42:55

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PRAKARAM LAND AND DEVELOPMENT PVT. LTD.

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.....Petitioner Through: Mr. Anil K Airi, Sr. Adv. along with Mr. Abhishek Batra, Mr. Vishal Tyagi, Mr. Harsh Gautam and Mr. Vishnu Anand, Advs.

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versus

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BANK OF BARODA AND ORS. .....Respondents Through: Mr. Pallav Saxena, Ms. Saloni Singh and Mr. Anuj Maheshwari, Advs.

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+ W.P.(C) 14983/2025, CM APPL. 61590/2025 and CM APPL. 61591/2025

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PRAKARAM LAND AND DEVELOPMENT PVT. LTD.

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.....Petitioner Through: Mr. Anil K Airi, Sr. Adv. along with Mr. Abhishek Batra, Mr. Vishal Tyagi, Mr. Harsh Gautam and Mr. Vishnu Anand, Advs.

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versus

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BANK OF BARODA AND ORS. .....Respondents Through: Mr. Pallav Saxena, Ms. Saloni Singh and Mr. Anuj Maheshwari, Advs.

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CORAM:

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HON'BLE MR. JUSTICE ANIL KSHETARPAL HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR

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O R D E R % 25.09.2025

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The present batch of Writ Petitions assails the correctness of

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This is a digitally signed order.

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The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 04/10/2025 at 15:42:55

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order dated 16.09.2025 passed by the Debts Recovery Appellate Tribunal, New Delhi [hereinafter referred to as “DRAT”] in Misc. Appeal No.170/2015 captioned Prakaram Land and Development Pvt. Ltd vs. Bank of Baroda & Ors ., and is being disposed of by this common order.

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Four identical orders were passed by the Debts Recovery Tribunal-III, Delhi [hereinafter referred to as „DRT‟] against which Appeals are pending before the DRAT and are fixed for hearing on 03.11.2025.

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An application seeking interim relief was filed before the DRAT, which was declined while issuing notice to the newly added Respondent.

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This Court has been given to understand that the newly added Respondent has already been served.

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The Petitioner (common in all four Writ Petitions) before this Court is the Auction Purchaser of the property measuring 7.09 acres, purchased in a public auction held on 04.03.2024, which is stated to have been confirmed on 06.03.2024.

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The Petitioner further submits that the entire auction amount has been duly deposited. 7. This Court has also gone through the communication dated 28.07.2025 issued by the Respondent-Bank, unilaterally cancelling the auction.

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Furthermore, this Court has also been informed that out of the total 7.09 acres of land, 5.3 acres has already been sold by the Respondent No.4 in favour of Respondent No.5.

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Since the Appeals are pending consideration before the DRAT, it would not be appropriate for this Court to adjudicate the present

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This is a digitally signed order.

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The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 04/10/2025 at 15:42:55

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batch of Writ Petitions on merits.

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However, since the Petitioner may have some submissions to make, the DRAT is requested to take up the Appeals for final disposal within a period of next 15 working days. Till then, further adjudication of the subject property shall remain stayed.

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Accordingly, the present batch of Writ Petitions, along with the pending applications, stands disposed of. 12. It is needless to observe that the DRAT will proceed to decide the pending Appeals uninfluenced by any observations made in this order.

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ANIL KSHETARPAL, J

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HARISH VAIDYANATHAN SHANKAR, J SEPTEMBER 25, 2025 s.godara/hr

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This is a digitally signed order.

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The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 04/10/2025 at 15:42:55

Prakaram Land and Development Pvt. Ltd. v. Bank of Baroda and Ors.

Case brief

What is this about?

What the court decided

Prakaram Land and Development Pvt. Ltd. v. Bank of Baroda and Ors.

Case brief

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What the court decided

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