Debts Recovery Tribunals and Appellate Tribunals
HOTEL PARADISE AND BEER BAR AND ORS vs YAVATMAL URBAN CO-OPERATIVE BANK on 9 October 2026
BEFORE THE DEBTS RECOVERY
APPELLATE TRIBUNAL, AT: MUMBAI
Present: Justice Vivek Bharti Sharma, Chairperson
I.A. No. 210/2024 (WoD)
In
Misc. Appeal Diary No. 389/2024
Between
Hotel Paradise & Beer Bar & Ors.
… Appellant/s
V/s.
Yavatmal Urban Co-operative Bank
…Respondent/s
-: Order dated: 09/10/2026: -
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1. Present as under: Mr. Atul Pande, Counsel for Appellant. No representation for Respondents despite repeated calls.
2. The Learned Counsel for Applicants seeks adjournment for hearing on I.A. No. 210/2024 for waiver of the mandatory pre-deposit as per section 18 of the SARFAESI Act.
3. This application is pending since 02.05.2024 that is more than two years. The reply to the waiver application was also filed on 04.09.2024 and same was endorsed in order dated 19.11.2024
4. On 11/03/2026, the Counsel for the Applicants had sought adjournment for hearing on the Waiver Application No. 210/2024.
5. In the interest of justice, one more opportunity is granted to the
Applicants to argue on the waiver application, subject to the cost of Rs. 10,000/- to the DRT Bar Association, Mumbai, to be deposited within two weeks from the date of this order. It is made clear that no further adjournment shall be granted.
List the matter on 05.02.2027 for hearing on the waiver application. Sd/- Chairperson 09.10.2026
VKC-04