Debts Recovery Tribunals and Appellate Tribunals
UNION BANK OF INDIA vs SUMATICHAND GOUTI JEWELLERS PRIVATE LTD AND 2 ORS on 27 August 2026
BEFORE THE DEBTS RECOVERY
APPELLATE TRIBUNAL, AT: MUMBAI
Present: Justice Vivek Bharti Sharma, Chairperson
I.A. No. 325/2025 (Stay)
In
Misc. Appeal No. 73/2025
Between
Union Bank of India
… Appellant/s
V/s.
Sumatichand Gouti Jewellers Pvt. Ltd. & Ors.
…Respondent/s
-: Order dated: 27/08/2026: -
Citations and Judicial Treatment
Cited by
0
Decisions in the index citing it
Cites
0
Decisions referred to
In this index
0
Of the decisions it cites
Overruled / Questioned
0
No negative treatment found
Loading the citing and cited decisions…
This judgment in the centre: on the left the decisions it cites, on the right the decisions citing it. Colour is the treatment; choose a decision to open it.
1. Present as under:
Mr. Amey H. along with Ms. Geeta L., Counsel for Appellant/Bank. Mr. Jay Bhatia, Counsel for Respondent No.1. No representation for the other Respondents despite repeated calls.
2. The Learned Counsel for the Appellant/Bank tenders the Vakalatnama and the same is taken on record.
3. The Learned Counsel for the Appellant/Bank would submit that in Misc. Appeal No. 73/2025 against the order passed by the Learned DRT-I, Mumbai, a stay has been granted against taking possession of the property in compliance with Section 14 of the SARFAESI Act.
4. The Learned Counsel for Respondent No. 1 would submit that there is a moratorium granted by the NCLT.
5. In reply, the Learned Counsel for the Appellant/Bank would submit that there is no subsisting moratorium and that the earlier moratorium had already expired.
6. The Learned Counsel for Respondent No. 1 seeks an adjournment to file the up-to-date order passed by the NCLT.
7. The Learned Counsel for the Appellant/Bank strongly objects to the said request.
8. In the interest of justice, the adjournment is granted subject to payment of cost of ₹10,000/- to the DRT Bar Association, Mumbai, to be deposited within one week.
9. List the case on 21.12.2026 for hearing. Sd/- Chairperson Psa-21