Debts Recovery Tribunals and Appellate Tribunals
BANK OF MAHARASHTRA vs Ms RUSHI COTTEX PVT LIMITED on 7 August 2026
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Justice Vivek Bharti Sharma, Chairperson Regular Appeal No. 85/2024 Between
Bank of Maharashtra … Appellant/s V/s. M/s. Rushi Cotex Pvt. Ltd. …Respondent/s
-: Order dated: 07/08/2026: -
Present:
Ms. Maneesh Patel, Counsel for Appellant. No representation for Respondent despite repeated calls.
The Learned Counsel for the Appellant would submit that the present appeal is confined to a limited issue, as while allowing the Securitization Application filed by the Respondent, the DRT-I, Ahmedabad imposed costs of ₹1,00,000/- upon the Appellant/Bank on the ground that the notices issued in the Securitization Application were incorrect and were subsequently withdrawn by the Bank.
The Learned Counsel for the Appellant/Bank would further submit that she has no instructions as to whether the Bank has conducted any internal inquiry to ascertain the officer responsible for the issuance of the incorrect notices or to determine the liability for the costs imposed.
List the case on 20.11.2026 for hearing. Sd/- Chairperson psa-20