The Tribunal reported compliance with a conditional order in a debt recovery matter. It impleaded an auction purchaser to avoid multiplicity of litigation and continued a stay of a sale certificate registration order temporarily.
Impleaded auction purchaser; continued stay of sale certificate registration order until listed.
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DEBTS RECOVERY APPELLATE TRIBUNAL -MUMBAI
IA No.370/2025 (WOD) In
Misc. Appeal Dy.No.987/2025
Dated: 4.8.2025
Ld. Counsel for petitioners/appellant and respondent bank is present.
deposit, as per the order of this Tribunal dated 3.7.2025 passed in waiver application. This matter is today for reporting compliance of the statutory
conditional order of this Tribunal dated 3.7.2025 has been complied with. Registry also reported that conditional order is complied with. Ld. Counsel for petitioners/appellants represented that the
other wise in order. Therefore, Registry is directed to number the Appeal, if it is
At this juncture, Mr. Sharad Agarwal, who is the successful bidder appeared in person through VC and submitted that he is already a party in IA No.634/2025 filed for setting aside the sale, before the Tribunal below and prayed this Tribunal to implead him as a party in this appeal as well as in the SA.
necessary party for effective and binding adjudication of the 'lis' third party interest is created, auction purchaser is a proper and involved in this appeal and to avoid multiplicity of litigation and also before the Tribunal below in the SA. This Tribunal is of the view that when the property is sold and
.Contd./-
stay of registration of sale certificate for two weeks from 20.6.2025 for facilitating the appellants to file this appeal and prayed for continuance of the said order. Officer, DRT, Pune, while passing order on 20.6.2025 granted Ld. Counsel for the appellants submitted that Ld. Presiding
Under the circumstances, the stay order granted by the Ld. Presiding Officer, DRT, Pune dated 20.6.2025 is directed to be continued till the matter is listed before this Tribunal.
auction purchaser and for further proceedings. In the meanwhile, parties are directed to complete their pleadings. Post the matter on 9.10.2025 for taking steps to implead he
(IN-CHARGE, DRAT, MUMBAI) CHAIRPERSON, DRAT, CHENNAI m
SN
|N/A
As recorded by the court registry
2 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
