The Tribunal allowed the preponement of hearing for the main matter to 02.03.2026. It issued notice to the respondent for filing a reply regarding the stay application dated 23.01.2026 and directed later disposal of that application.
IA No. 328/2026 allowed for preponement; notice issued for reply to IA No. 329/2026.
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DEBTS RECOVERY TRIBUNAL-III, CHANDIGARH
ITEM NO. 1 (Supplementary Cause List)
SA/334/2025 IN IA/329/2026
MS LAAVIN POLYMERS AND OTHERS Vs PUNJAB NATIONAL BANK
24.02.2026
Present: Sh. Ankush Bharti, Advocate for Applicants (through VC)
None for Respondent
Sh. Ankush Bharti, Advocate submitted that he has filed IA No. 328/2026, which is application for preponement of date from 18.04.2026 to an early date.
Heard.
It was argued that sale of the secured asset is fixed for 06.03.2026 as per sale notice dated 23.01.2026.
None is present on behalf of respondent.
Considering the arguments of learned counsel for applicants, IA No. 328/2026 is allowed to the extent of preponement of date and date is preponed from 18.04.2026 to 02.03.2026.
Sh. Ankush Bharti, Advocate further argued that IA No. 329/2026 was also filed for stay of the sale notice dated 23.01.2026, whereby auction of the secured asset is fixed for 06.03.2026.
Let notice to IA No. 329/2026 be issued to respondent by way of registered post and personal service for filing reply.
Applicants are directed to collect notice and ensure service upon respondent and file proof of service in the shape of affidavit.
Put up on 02.03.2026 for disposal of IA No. 329/2026.
(MRIDULESH KUMAR SINGH) Presiding Officer DRT-III, Chandigarh
2 issues framed by the court
Whether the application for preponement of hearing date under IA No. 328/2026 should be allowed.
Whether the application for stay of sale notice under IA No. 329/2026 requires service of notice to the respondent.
MS LAAVIN POLYMERS AND OTHERS
PUNJAB NATIONAL BANK
MRIDULESH KUMAR SINGH
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
