Debts Recovery Tribunals and Appellate Tribunals

SANGLI URBAN CO-OPERATIVE BANK LTD AND ANR vs Shambaba Cotton Industries and 3 ors on 27 August 2026

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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Justice Vivek Bharti Sharma, Chairperson I.A. No. 08/2025 (Stay) In

Regular Appeal No. 01/2025 Between

Sangli Urban Co-operative Bank Ltd. & Anr. … Appellant/s V/s. Shambaba Cotton Industries & Ors. …Respondent/s

-: Order dated: 27/08/2026: -

Present as under:

Ms. Madhuri Vaidya along with Mr. Vishal Tambe, Counsel for Appellants. Ms. Disha Sharma, Counsel for Respondents appeared through VC.

The Learned Counsel for the Respondents seeks adjournment. The Learned Counsel for the Appellants strongly objected to the said request. It would be pertinent to note that on the previous occasion also, time was sought by the Respondents. However, in the interest of justice, a last opportunity is granted to the Respondents subject to payment of cost of ₹20,000/- to the DRT Bar Association, Mumbai to be deposited within 15 days. List the case on 23.12.2026 for hearing. Interim order, if any, shall continue till the next date of hearing. Sd/- Chairperson Psa-17

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