Debts Recovery Tribunals and Appellate Tribunals
Indian Overseas Bank vs Surendrasingh Chabda on 23 September 2026
BEFORE THE DEBTS RECOVERY
APPELLATE TRIBUNAL, AT: MUMBAI
Present: Justice Vivek Bharti Sharma, Chairperson
I.A. No. 301/2026
In
Regular Appeal No. 2/2022
Between
Indian Overseas Bank
… Appellant/s
V/s.
Surendra Singh Chhabda
…Respondent/s
-: Order dated: 23/09/2026: -
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1. Present as under :
Ms. Kalyani Wagle i/b Mr. T. N. Tripathi, Counsel for Appellant. No representation for Respondents despite repeated calls.
2. Heard on I.A. No. 301/2026.
3. This Application has been filed seeking substitution of the Applicant, Alchemist Asset Reconstruction Company Limited (ARC), in place of the Appellant, on the ground that the Assignment Agreement has been executed by Indian Overseas Bank in favour of the Applicant.
4. The Learned Counsel for the Appellant would submit that the Letter of Assignment has been annexed as Annexure No. 1 to the Application.
5. In view of the aforesaid submission and the document placed on record, I.A. No. 301/2026 is allowed. Alchemist Asset Reconstruction Company Limited (ARC) is substituted in place of the Appellant.
6. The amended Memo of Parties be filed within two weeks, with an advance copy to the Respondents.
7. List the matter on 04.01.2027 for further proceedings. Sd/- Chairperson 23.09.2026 VKC-06