Debts Recovery Tribunals and Appellate Tribunals
RNA AUTO INDUSTRIES PVT LTD vs PUNJAB AND SIND BANK on 24 June 2025
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**ORDER-SHEET** Page No. ....
**DEBTS RECOVERY TRIBUNAL, DEHRADUN**
**M.A. No.27 of2025**
(In S.A. No.278 of 2024)
**M/s RNA Auto Industries Pvt. Ltd & Anr. Vs. Punjab & Sind Bank**
**Date: 24.06.2025**
Item No.04
Present: Sh. Shubham Chhabra, Counsel for the Applicants Called out, Ld. Counsel for the Applicants present. Applicant in person also present.
The Applicant has approached this Tribunal for stay of the auction proceedings through this Miscellaneous Application, if any prejudice has been caused to the Applicants by the action of the Respondent Bank may adopt proper recourse for relief.
Any wrongful act of the secured creditor may be challenged by the borrower/mortgagors as per provision of S.A.R.F.A.E.S.I. Act, 2002 not in otherwise manner. The Applicants have approached this Tribunal for stay of the auction proceedings on the basis of judgment passed by this Tribunal in S.A. No.278 of 2024 M/s RNA Auto Industries Ltd Vs Punjab & Sind Bank dated 20.05.2025 if the Applicants were not satisfied with the judgment passed by this Tribunal can approached Hon'ble Debts Recovery Appellate Tribunal, Allahabad otherwise Applicants are duty bound to comply the judgment passed by this Tribunal in S.A. No.278 of 2024, as not paid borrowed money according to the said judgment.
This petition is not maintainable in the light of the conduct adopted by the Applicants as the Applicants have not complied the condition of the said judgment passed by This Tribunal primarily.
In absence of compliance of the judgment passed in S.A. No.278 of 2024, the applicants are not entitled for any relief through this petition.
This petition has no force and liable to be dismissed. Hence dismissed in limine.
If the Applicants are not satisfied with this order may approach Hon'ble Debts Recovery Appellate Tribunal, Allahabad if want to sought relief as per remedy available under S.A.R.F.A.E.S.I. Act, 2002.
Record be consigned.
(Umesh Kumar Sharma) Presiding Officer DRT, Dehradun
24-06-2025