Debts Recovery Tribunals and Appellate Tribunals
MR. VILAS VASANT GANDHE vs ENCORE ASSET RECONSTRUCTION PVT. LTD. on 1 September 2026
BEFORE THE DEBTS RECOVERY
APPELLATE TRIBUNAL, AT: MUMBAI
Present: Justice Vivek Bharti Sharma, Chairperson
I.A. No. 258/2025(Stay)
In
Regular Appeal No. 15/2025
Between
Vilas Vasant Gandhe
… Appellant/s
V/s.
Encore Asset Reconstruction Pvt. Ltd.
…Respondent/s
-: Order dated: 01/09/2026: -
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1. Present as under:
Mr. Gaurang Kinkhabwala along with Mr. Sanjay Anabhawane, Counsel for Appellant. Mr. Rajesh Nagory, i/b M/s. V. Deshpande & Co., Counsel for Respondent No.1/ARC. Mr. Aayush Kothari, i/b M/s. Sanjana Ghogare, Counsel for Respondent No.2/Auction Purchaser.
2. The Learned Counsel for the Appellant seeks adjournment.
3. It would not be out of place to note that the Hon’ble High Court of Bombay, in Writ Petition No. 6762/2026 filed by the Appellant/Borrower himself, has directed this Appellate Tribunal to dispose of the present Appeal on or before 30.09.2026. Despite the said direction, the Appellant/Borrower himself seeks an adjournment, which cannot be appreciated.
4. The Learned Counsel for the Respondent No.1 would submit that the Appellant/Borrower had also sought adjournment on the previous date 22.07.2026.
5. However, in the interest of justice, adjournment is granted subject to payment of cost of 10,000/- to the DRT, Bar Association, Mumbai, to be deposited within two days.
6. List the case on 09.09.2026 for hearing. Sd/- Chairperson Psa-01