Debts Recovery Tribunals and Appellate Tribunals
IDFC FIRST BANK LTD vs PAWAN KUMAR RUIA AND 10 ORS on 6 October 2026
BEFORE THE DEBTS RECOVERY
APPELLATE TRIBUNAL, AT: MUMBAI
Present: Justice Vivek Bharti Sharma, Chairperson
I.A. No. 169/2025 (Stay)
In
Regular Appeal No. 19/2025
Between
IDFC First Bank Ltd.
… Appellant/s
V/s.
Pawan Kumar Ruia & Ors.
…Respondent/s
-: Order dated: 06/10/2026: -
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1. Present as under: Senior Counsel Mr. Rajeev Mehra along with Mr. Rishabh Mr. Chintan Gandhi, i/b M/s. Shardul Amarchand Mangaldas & Co., Counsel for Appellant. Mr. Charles De’Souza along with Mr. Rupak Sawangikar, i/b M/s. Chiyarajawala & Co., Counsel for Respondent No.1. Ms. Somya Tripathi, i/b M/s. T. N. Tripathi, Counsel for Respondent Nos. 3, 4, 5, 6, 7, & 9. No representation for other Respondents despite repeated calls.
2. The matter is taken up for hearing by way of praecipe filed by the appellant for seeking urgent relief.
3. The Learned Counsel for the Appellant would submit that, on the previous date of hearing, i.e. 28.09.2026, the matter was adjourned at the request of Respondent No.1, as there was a death in the family.
He would further submit that there was an ad-interim injunction and the same was continued on each date of hearing till the next date of hearing; that, however, inadvertently, the said request could not be made on 28.09.2026, therefore, the Appellant seeks modification in the order dated 28.09.2026 for extending the ad-interim injunction in favour of the Appellant till the next date of hearing.
4. The Learned Counsel for the Respondents would submit that they have no objection to the said request.
5. Accordingly, the order dated 28.09.2026 is modified to the aforesaid extent. The ad-interim relief granted in favour of the Appellant is extended and shall remain in force till the next date of hearing.
6. List the case on the date already fixed i.e., 12.01.2027 for hearing. Sd/- Chairperson 06.10.2026 Psa-02