Debts Recovery Tribunals and Appellate Tribunals
JAGMOHAN LADHAR vs M/S CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED on 19 February 2026
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DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
RA/1/2024 IN SA/40/2022 JAGMOHAN LADHAR Vs M/S CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED
19.02.2026 Item No.161
Present: Mr. Ravinder Gill, proxy Counsel for Mr. Rohit Sapra, Counsel for the Applicant.
Mr. Rohit Sapra, Counsel for respondent FI (on VC).
Heard on the Review Application. Along with the Review Application, the applicant has filed an application for condonation of delay. Mr. Sapra, states that the Hon’ble Supreme Court of India, in MSTC Limited Vs. Standard Chartered Bank, has held that an application under Section 5 of the Limitation Act is not maintainable in a Review Application filed under Rule 5A of the Security Interest (Enforcement) Rules. In view of the law laid down by the Hon’ble Supreme Court of India, the present Review Application is time-barred and the same is hereby dismissed.
File be consigned to record room after due compliance.
(A S Narang) Presiding Officer DRT-I, Chandigarh
HARSH