Debts Recovery Tribunals and Appellate Tribunals
SHRI Raghunath Maruti Kadam AND 2 ORS vs KOTAK MAHINDRA BANK LIMITED on 12 October 2026
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Justice Vivek Bharti Sharma, Chairperson I.A. Diary No. 1544/2026 In
Regular Appeal No. 03/2026 Between
Raghunath Maruti Kadam & Ors. … Appellant/s V/s. Kotak Mahindra Bank Ltd. & Ors. …Respondent/s
-: Order dated: 12/10/2026: -
Present as under:
Ms. Preeti Barde, Counsel for Appellants. Mr. Sanjay Anabhawane, i/b Ms. Medha Rane, Counsel for Respondent No. 1. Ms. Riya Pawar, Counsel for Respondent No.4 (a) (b) & (c). No representation for other Respondents despite repeated calls.
2. The Learned Counsel for the Appellants would submit that the Respondent No. 2/Original Borrower has died; that, the postal envelope was received back with the remark “deceased”; that, thereafter, the Appellants/Third Party filed application (Diary) No. 1544/2026 for bringing the legal heir of the deceased Respondent No. 2 on record, however, the Registry raised an objection regarding non- filing of the death certificate of the deceased Respondent No. 2 along with the application for substitution.
3. Issue notice to the proposed Respondents as per the schedule annexed to the application.
4. Steps be taken within one week.
5. At this stage, the Learned Counsel for the Appellants/Third Party would submit that the Appellants/Third Party are not seeking any relief against the deceased Respondent No. 2 or Respondent Nos. 3 and 4; that, the Bank is likely to schedule an auction of the property.
6. List the case on 26.11.2026 before the Ld. Registrar for report and service. Sd/- Chairperson 12.10.2026
Psa-04