Debts Recovery Tribunals and Appellate Tribunals
AASR DEVELOPERS & CATERS LIMITED vs Cosmoline Industries Private Limited on 22 October 2026
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IN THE DEBTS RECOVERY APPELLATE TRIBUNAL- ALLAHABAD Diary No. 2368/2026 Date 22.10.2026 AASR Developers & Caters Ltd ………………..Appellant Cosmoline Industries Pvt Ltd Respondent Ld.Counsel for the appellant Shri Srijan Mehrotra is present.
Ld. Counsel filed proper affidavit in support of Memo of Appeal,Stay Application and Urgency Application.
Ld.Counsel submits that the appellant is Auction Purchaser and does not have the notice of section 13(2).Ld.Counsel deposited maximum Court Fee of Rs.50000/-for entertaining the appeal U/s 18 of the SARFAESI Act,2002. Regarding pre-deposit Ld. Counsel filed Waiver Application and vide said application he submits that the appellant is neither borrower nor guarantor he is auction purchaser therefore no pre-deposit is required.
Defects reconciled. As per order dated 13.10.2026 defect no.1,2,3,4& 5 have reconciled already. The present Regular appeal is filed u/s 18 of the SARFAESI Act 2002 on 15.09.2026 by Ms Komal Mundhra, Ld. Counsel for the appellant against the Final Order dated 07.08.2026 passed in the S.A. No.343 of 2025 by Debts Recovery Tribunal,Dehradun.
Ld. Counsel also filed Stay Application (I.A.No.1591/2026)&Urgency Application (I.A.No.1590/2026)&Waiver Application (I.A.No.1622/2026). List this case before Hon’ble Court on 28.10.2026 for waiver.
AM Registrar