Debts Recovery Tribunals and Appellate Tribunals
STAYWELL FORMULATION PVT LTD vs BANK OF BARODA on 16 September 2026
**DEBTS RECOVERY APPELLATE TRIBUNAL, DELHI**
**Misc. Appeal No.212/2024
Arising out of SA No.51/2024 (DRT-I, Delhi)**
**Item No. 20**
**Stay Well Formula Private Limited and another
V.
Bank of Baroda**
**17.09.2026 Hon'ble Dr. Justice Sudhir Kumar Jain**
Present: Sh. R.B. Trivedi, Advocate for appellants through VC
Sh. Priyank Saxena, Advocate for respondent no.1 through VC
This matter is taken up through Hybrid hearing.
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1. Sh. R.B. Trivedi, Advocate for the appellant stated that the appellant has already deposited Rs.1,53,00,000/- which is stated to be 25% of the amount of Rs.6,75,49,885/- as per notice under Section 13(2) dated 20.05.2023. However, the counsel for the respondent no.1 stated that the present appeal was filed on 28.06.2024 and the appellant is also required to make pre-deposit on the interest which was accrued during the period from the date of issuance of demand notice till the date of the filing of the present appeal. However, the deposition of Rs.1,53,00,000/- by the appellants is accepted as interim measure towards making of pre-deposit.
2. Issue notice on the applications bearing I.A. No.663/2024 for waiver of pre-deposit, I.A. No.710/2024 for amendment in the appeal and I.A. No.812/2024 for waiver of adding interest on demand amount for the purpose of pre-deposit to the respondents on taking steps by the appellants through all permissible modes returnable on 01.12.2026.
----- (Dr. Justice Sudhir Kumar Jain)
*Chaisperson*