Debts Recovery Tribunals and Appellate Tribunals
RAJESH ARORA vs ENCORE ASSET RECONSTRUCTION COMPANY P. LTD on 8 October 2026
**DEBTS RECOVERY APPELLATE TRIBUNAL, DELHI**
**Misc. Appeal No.328/2026
Arising out of T.A. No.1288/2026 (DRT-I, Delhi)**
**Item No.4**
**Rajesh Arora & another
V.
Encore Assets Reconstruction
Company Limited & others**
**08.10.2026 Hon'ble Dr. Justice Sudhir Kumar Jain**
**Present: Sh. Rajeeve Mehra, Senior Advocate along with Sh. Krish Kalra and Ms. Rashi Arora Kapoor, Advocate for the appellants through VC**
This matter is taken up through Hybrid hearing.
**I.A. No.1438/2026 (application for condonation of delay filed by the appellants)**
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1. The instant application is filed for condonation of delay in filing the present appeal. Sh. Rajeeve Mehra, Senior Advocate for the appellants stated that if the limitation is counted from the uploading of the order on the Website, there is no delay in filing the appeal. After considering all facts, the delay in filing the appeal is condoned. The application stands allowed.
**Misc. Appeal No.328/2026**
2. Sh. Rajeeve Mehra, Senior Advocate for the appellant stated that in the present appeal the challenge is to the order dated 10.07.2026 whereby I.A. bearing no3356/2026 filed by the respondent no.1 for substitution in place of original applicant, i.e. Citi Union Bank was allowed. He further stated that vide judgment dated 16.11.2024 passed in S.A. bearing no.628/2023, the loan account of the appellant which was classified as NPA was set aside and argued that the impugned order is in contravention of the RBI Master Circular dated 01.07.2015 and the subsequent circulars.
3. Issue notice to the respondents 1 and 2 on taking steps by the appellant through all permissible modes. Sh. Mehra stated that the appeal arising out of judgment dated 16.11.2024 filed by the O.A. applicant, i.e. the respondent no.1 is listed for 12.10.2026.
4. List on 12.10.2026. Notice be issued for the hearing dated 12.10.2026.
----- **(Dr. Justice Sudhir Kumar Jain)** **Chairperson**
-pk