Debts Recovery Tribunals and Appellate Tribunals
MOONGIPA REALTY PVT LTD (FORMERLY KNOWN AS AXAY RAJ BUILD WELL PVT LTD) vs INDIAN BANK (FORMERLY KNOWN AS ALLAHABAD BANK) AND 3 ORS on 5 October 2026
BEFORE THE DEBTS RECOVERY
APPELLATE TRIBUNAL, AT: MUMBAI
Present: Justice Vivek Bharti Sharma, Chairperson
I.A. No. 655/2025 (Stay)
In
Regular Appeal No. 38/2025
Between
Moongipa Realty Pvt. Ltd.
… Appellant/s
V/s.
Indian Bank & Ors.
…Respondent/s
-: Order dated: 05/10/2026: -
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1. Present as under:
Mr. Charles De’Souza (through VC) and Mr. Rupak Sangwikar & Mr. Santosh Pathak, i/b M/s. Law Origin, Counsel for Appellant. Mr. V.N. Ajikumar along with Mr. Vikas Mulike, Counsel for Respondent No.1. No representation for other Respondents despite repeated calls.
2. The Learned Counsel for the Appellant seeks adjournment.
3. Strongly opposed by Respondent No.1.
4. The Learned Counsel for Respondent No.1 would submit that there is an order dated 10.06.2025 passed by the Hon’ble High Court of Bombay in Writ Petition (L) No. 12646/2025 to decide the present appeal expeditiously filed by the Appellant.
5. In the interest of justice, adjournment is granted subject to payment of cost of ₹10,000/- to the Prime Minister Relief Fund to be deposited within one week
6. List the case on 05.11.2026 for hearing.
5. The parties are directed to exchange citations and bullet points of submissions to be made.
6. Interim order, if any, shall continue till the next date of hearing. Sd/- Chairperson 05.10.2026 Psa-21