Debts Recovery Tribunals and Appellate Tribunals
Shri Shakti Cement Products and 3 ors vs RAJKOT NAGRIK SAHAKARI BANK LIMITED on 1 October 2026
BEFORE THE DEBTS RECOVERY
APPELLATE TRIBUNAL, AT: MUMBAI
Present: Justice Vivek Bharti Sharma, Chairperson
I.A. No. 595/2025
In
Regular Appeal No. 77/2025
Between
Shri Shakti Cement Products & Ors.
… Appellant/s
V/s.
Rajkot Nagrik Sahakari Bank Ltd.
…Respondent/s
-: Order dated: 01/10/2026: -
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1. Present as under: Ms. Pranjali Asubhe i/b Ms. Neeta Pandit, Cousnel for Appellants. No representation for Respondent despite repeated calls.
2. Note sheet dated 20.03.2026 of the Ld. Registrar says that service affidavit is not filed by advocate of Appellant despite opportunities and the same is still not on record.
3. Re-issue notices to the Respondents.
4. The Counsel for Appellant prays for one more opportunity to serve the Respondents.
5. Perusal of the record would reflect that Applicant has got the stay order on 21.07.2025 and thereafter the stay is getting continue till today.
6. However, in the interest of justice, one more opportunity is granted to the Appellant to serve the Respondents by registered speed- post subject to the cost of Rs. 5,000/- to DRT Bar Association Mumbai, to be deposited within a week. Steps to be taken within a week.
7. List before Ld. Registrar for report on compliance.
8. List the matter on 20.11.2026 for further proceedings.
9. Interim order, if any, to continue till the next date of hearing.
Sd/- Chairperson 01.10.2026
VKC-20