Debts Recovery Tribunals and Appellate Tribunals

RAJESH KUMAR BARJATIYA & ANR. vs INDIAN OVERSEAS BANK on 1 October 2026

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**DEBTS RECOVERY APPELLATE TRIBUNAL, DELHI**

**Misc. Appeal No.168/2021 Arising out of O.A. No.220/2018 (DRT, Jaipur)**

**Item No.27**

**Rajesh Kumar Barjatiya & another V Indian Overseas Bank & others**

**& Misc. Appeal No.169/2021 Arising out of O.A. No.220/2018 (DRT, Jaipur)**

**Item No.28**

**Twinkle Jain V. Indian Overseas Bank & others**

**& Misc. Appeal No.170/2021 Arising out of O.A. No.220/2018 (DRT, Jaipur)**

**Item No.29**

**Saket Jain V. Indian Overseas Bank & others**

**& Misc. Appeal No.171/2021 Arising out of O.A. No.220/2018 (DRT, Jaipur)**

**Item No.30**

**Rajesh Kumar Barjatiya & another V. Indian Overseas Bank & others**

**01.10.2026 Hon'ble Dr. Justice Sudhir Kumar Jain**

**Present: None for the appellants Ms. Usha Singh, Advocate for Asset Reconstruction Company (India) Limited (ARCIL) through VC**

**These matters are taken up through Hybrid hearing.**

**I.A. No.463/2026 in Misc. Appeal No.168/2021 I.A. No.465/2026 in Misc. Appeal No.169/2021 I.A. No.464/2026 in Misc. Appeal No.170/2021 I.A. No.467/2026 in Misc. Appeal No.171/2021**

**1. The instant applications are filed for substitution of the applicant Asset Reconstruction Company (India) Limited (ARCIL) in place of the respondent no.1 Indian Overseas Bank in the above appeals in view of Assignment Agreement dated 26.09.2025. It is stated in the application that the respondent no.1 Indian Overseas Bank has assigned its debts due**

and payable by the appellants jointly and severally and the securities thereof in favour of ARCIL vide Assignment Agreement dated 26.09.2025. A copy of the assignment agreement is also placed on record. After considering all facts, the application is allowed and ARCIL is accordingly substituted in place of the appellant Indian Overseas Bank in all the above appeals. Let the amended memo of parties be filed within a week.

**Misc. Appeal Nos.168/2021, 169/2021, 170/2021 & 171/2021**

2. None is present for the appellants when the matter is called for hearing at about 2.55 pm. The perusal of the record reflects that none had appeared on behalf of the appellant on the last two dates. It appears that the appellants are not interested in prosecuting the appeals. Accordingly the appeals are dismissed in default and for want of prosecution.

----- **(Dr. Justice Sudhir Kumar Jain)** **Chairperson**

-pk\$

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