Debts Recovery Tribunals and Appellate Tribunals
Sharad Goel vs IDFC FIRST BANK LTD on 15 September 2026
**DEBTS RECOVERY APPELLATE TRIBUNAL, DELHI**
**Appeal No. 266/2024
Arising out of SA No. 75/2021 (DRT-II, Delhi)**
**Item No. 12**
**Sharad Goel
V.
IDFC First Bank and another**
**15.09.2026 Hon'ble Dr. Justice Sudhir Kumar Jain**
Present: Brigadier Narinder Kumar Singh, Advocate for appellant Sh. Sanjeev Singh, Advocate for respondent no.1 bank through VC
Sh. Nipun Sharma, Advocate for respondent no.2 through VC
This matter is taken up through Hybrid hearing.
**I.A. No. 1011/2024 & 1322/2026**
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1. 1. The application bearing I.A. No. 1011/2024 is filed for seeking waiver of pre-deposit and I.A. No. 1322/2026 for seeking reduction of the pre-deposit to 25%.
2. 2. The perusal of record reflects that the present appeal vide order dated 09.01.2025 was ordered to be consigned to record room for wants of compliance of the condition of pre-deposit. However, liberty was given to the appellant to revive the appeal in case the appellant makes the requisite pre-deposit within two weeks and also filed an application for revival of the appeal. It also appears from the order dated 23.04.2026 that the appellant has deposited Rs.96.80 lacs as pre-deposit and thereafter the appeal was ordered to be restored to its original number. However, the issue of pre-deposit was kept alive.
3. 3. Sh. Sanjeev Singh, Counsel for respondent no.1 stated that the subject property has already been sold for a sale consideration of Rs. 3.87 crores to the auction purchaser. The appellant has already made the pre-deposit of Rs.96.80 lacs which is more than 25% of the sale amount. In these circumstances, the requirement of pre-deposit has complied with. The above mentioned applications stands disposed of.
**L.A. No. 1010/2024 & 1314/2026**
4. The instant applications are filed for condonation of delay of 48 days in filing the present appeal due to the reasons as detailed in the applications. After considering all facts, the delay of 48 days in filing the present appeal stands condoned. The applications are accordingly allowed.
**Appeal No. 266/2024**
5. The respective Counsels for the respondents seek time to file reply to the appeal. Let the needful be done within four weeks with advance copy to the Counsel for appellant. Rejoinder, if any, be filed within four weeks thereafter with advance copy to the respective Counsels for the respondents.
6. List on 08.03.2027.
A handwritten signature is written on a yellow rectangular sticky note. The signature appears to be 'SD' followed by a horizontal line.
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**(Dr. Justice Sudhir Kumar Jain)** **Chairperson**
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