Ms Viorica Hotels Pvt. Ltd. v. Union Bank of India
Case brief
What is this about?
The Appellate Tribunal dismissed the appeal because the appellant failed to deposit the mandatory 30% pre-deposit required under Section 18(1) of the SARFAESI Act, 2002, thereby violating a condition precedent for entertaining the appeal.
What did the court decide?
The Regular Appeal Diary No. 2054/2025 is dismissed.
What the court decided
BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Justice Vivek Bharti Sharma, Chairperson I.A. No. 04/2026 (WoD) In
Regular Appeal Diary No. 2054/2025
Between
M/s. Viorica Hotels Pvt. Ltd. & Ors. … Appellant/s
V/s.
The Authorised Officer,
…Respondent/s
Union Bank of India & Ors.
Mr. Ismail Nasikwala, Advocate for Appellants appeared through a Video Conference.
Mr. Mihir K., i/b Ms. Vaishali Bhilare, Advocate for Respondent No.1 & 2.
Mr. Rajesh Nagory along with D. Gaupta & Ms. Alisha Mohite, i/b M/s. Parinam Law Associates, Advocate for Respondent No.10.
-: Order dated: 27/04/2026: -
Issues for consideration
1 issue framed by the court
Whether an appeal should continue when the appellant failed to make the mandatory pre-deposit under Section 18(1) of the SARFAESI Act.
Parties & counsel
- appellant
M/s. Viorica Hotels Pvt. Ltd.
- respondent
The Authorised Officer
- respondent
Union Bank of India
Coram
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · April
- CNR
- 271090020542025
- Topic
- Banking and Recovery
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