Transfer Petition disposed by the DRAT Bench. The court noted an administrative failure to dispose of a stay application within a mandated timeline but found no personal imputation against the Presiding Officer, considering the transfer petition unfounded. The DRAT-I was directed to dispose of the pending stay application.
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Justice Vivek Bharti Sharma, Chairperson
Transfer Petition No. 02/2026
(S.A. No. 106/2024-DRT-I, Mumbai)
Between
Pegasus Assets Reconstruction Pvt. Ltd. … Appellant/s V/s.
M/s Daya Builders & Ors. …Respondent/s
Mr. Rishabh Shah along with Ms Lisa Kiny, i/b M/s Raval-Shah & Co., Advocate for Appellant.
Mr. Gaurang Kinkhabwala, along with Ms. AnushreeTalekar, i/b Mr K. C. Panday,nAdvocate for Respondents.
-: Order dated: 22/04/2026:
This is a Transfer Petition No. 02 of 2026 filed by Applicant herein
who is the Respondent in S.A. No. 106/2024 pending before DRT-I, Mumbai.
dated 23.12.2025, the learned Chairperson Incharge of DRAT, Mumbai had directed the DRT-I, Mumbai to dispose of the stay application (I.A. No. 2354/2025) on or before 07.01.2026; however,
the said application has not been decided till today.
1
query of the Appellate Tribunal, that there is no personal imputation as against the Presiding Officer.
Accordingly, Transfer Petition No. 02/2026 is disposed of.
Sd/Chairperson
mks-28
2
Pegasus Assets Reconstruction Pvt. Ltd.
M/s Daya Builders & Ors.
Vivek Bharti Sharma
As recorded by the court registry
2 orders share this CNR
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