Debts Recovery Tribunals and Appellate Tribunals
India Bulls Housing Finance Ltd vs ALOK GUPTA AND ORS. on 17 September 2026
**DEBTS RECOVERY APPELLATE TRIBUNAL, DELHI**
**Appeal No.02/2023**
**Arising out of SA No.40/2022 (DRT-Jaipur)**
**Item No. 16**
**India Bulls Housing Finance Limited**
**V.**
**Sh. Alok Gupta& others**
**17.09.2026 Hon'ble Dr. Justice Sudhir Kumar Jain**
Present: Ms. Surbhi Singh, Advocate for appellant through VC
Sh. R.K. Salecha, Advocate for respondent no.1 through VC
This matter is taken up through Hybrid hearing.
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1. 1. The respondents filed S.A. bearing no.40/2022 titled as **Alok Gupta and others V India Bulls Housing Finance Limited** which was stated to be pending before DRT-Jaipur. DRT-Jaipur vide final order dated 23.11.2022 has decided the S.A. bearing no.40/2022 and quashed the demand notice dated 16.08.2021 and all the further action initiated by the appellant. The appellant was also allowed to take further course of action but in accordance with law. The appellant being aggrieved filed the present appeal.
2. 2. Sh. R.K. Salecha, Advocate for the respondent no.1 stated that the appellant has already withdrawn the demand notice dated 16.08.2021 vide letter dated 04.12.2024 along with all the consequential action arising out of demand notice dated 16.08.2021. It is further stated that fresh demand notice dated 16.12.2024 is already issued to the respondents to which they have already filed objection under Section 13(3)(a) of the SARFAESI Act. It is stated that the present appeal does not require further adjudication.
3. 3. DRT-Jaipur vide impugned order dated 23.11.2022 has quashed the demand notice dated 16.08.2021 along with the consequential proceedings with the liberty to the appellant to take further course of action in accordance with law. The appellant has already withdrawn the demand notice dated 16.08.2021 vide letter dated 04.12.2024. The appellant has already issued fresh demand notice dated 16.12.2024 in accordance with law. In these circumstances, the present appeal does not require further adjudication and is accordingly disposed of. However, the respondent shall be at liberty to proceed as per law.
\_\_\_\_\_ **(Dr. Justice Sudhir Kumar Jain)** **Chairperson**
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