Debts Recovery Tribunals and Appellate Tribunals
UNION BANK OF INDIA vs Ms AKSHAR ENTERPRISES on 1 October 2026
BEFORE THE DEBTS RECOVERY
APPELLATE TRIBUNAL, AT: MUMBAI
Present: Justice Vivek Bharti Sharma, Chairperson
I.A. No. 606/2025 (Stay)
In
Misc. Appeal No. 157/2025
Between
Union Bank of India
… Appellant/s
V/s.
M/s. Akshar Enterprises & Ors.
…Respondent/s
-: Order dated: 01/10/2026: -
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1. Present as under: Mr. Nainesh Amin along with Mr. Vipin Chandra, Counsel for Appellant. Mr. Puneet Gogad, Counsel for Respondent Nos. 1 to 4. Ms. Preeti Barde, Counsel for Respondent No. 5. Mr. Steve P., Counsel for Respondent Nos. 6 & 7.
2. The Learned Counsel for the Appellant would submit that only reply to the grounds of appeal has been filed and no reply to the Interim Application I.A. No. 606/2025 is filed.
3. The Learned Counsel for the Respondent Nos. 1, 2, 3 & 4 would submit that his reply to the appeal be treated as reply to this Interim Application also.
4. The other Respondents would submit that they have filed their respective replies online and pray for time to file the physical copies thereof.
5. The physical copies of the replies be filed within one week.
6. The Learned Counsel for the Appellant would submit that the replies of the Bank/Auction Purchaser are necessary to be brought on record and, therefore, he does not oppose the prayer for adjournment for filing the physical copies of the replies.
7. The physical copies of the replies be filed within one week.
8. List the matter on 31.12.2026 for further proceedings. Sd/- Chairperson 01.10.2026
VKC-18