Debts Recovery Tribunals and Appellate Tribunals
ALICA KRAFT PAPER PVT LTD AND ORS vs STATE BANK OF INDIA on 2 September 2026
BEFORE THE DEBTS RECOVERY
APPELLATE TRIBUNAL, AT: MUMBAI
Present: Justice Vivek Bharti Sharma, Chairperson
I.A. No. 445/2026 (WoD)
In
Regular Appeal Diary No. 1231/2026
Between
M/s. Alica Kraft Paper Pvt. Ltd. & Ors.
… Appellant/s
V/s.
The Authorised Officer,
State Bank of India & Ors.
…Respondent/s
-: Order dated: 02/09/2026: -
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1. Present as under:
Mr. Dhrumit Chauhan, Counsel for Applicants. Ms. Rathina Maravarman along with Mr. Q.M. Tauseef, Counsel for Respondent No.1 appeared through VC. No representation for the other Respondents despite repeated calls.
2. The Learned Counsel for the Respondent No.1 would submit that Ms. Asma Batatawala, who is her associate, had appeared on the last date of hearing on behalf of Respondent No.2.
3. Perusal of the order dated 12.08.2026 would reflect that the presence of Ms. Asma Batatawala was wrongly noted as appearing for Respondent No.2 instead of Respondent No.1. It was further noted in paragraph No.7 that service upon Respondent No.2/Auction Purchaser of the movable property could not be effected due to an insufficient address, consequently, the Applicants/Appellants were directed to provide the correct address and take appropriate steps for service of notice upon Respondent No.2.
4. The Learned Counsel for the Applicants/Appellants would submit that the address of Respondent No.2 is the same as stated in the Appeal and as recorded in the proceedings before the Learned Lower Tribunal.
5. The Applicants/Appellants are, therefore, directed to re-issue the notice to Respondent No.2 by Registered Speed Post or file an appropriate application seeking permission to serve Respondent No.2 by substituted means.
On the last date of hearing, Learned Counsel Mr. Kuldeep had appeared through VC on behalf of Respondent No.3 and had undertaken to file the Vakalatnama on his behalf. However, none appeared for Respondent No.3 today. Hence, re-issue notice to Respondent No.3 by registered speed post.
6. Steps be taken within one week.
7. List the case on 18.09.2026 for hearing. Sd/- Chairperson Psa-18