Nitish Manharlal Bajaj and Anr vs M/s Key Man and Co and 2 Ors. on 21 October 2026

1

BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Justice Vivek Bharti Sharma, Chairperson I.A. No. 164/2023 (Stay) In

Regular Appeal No. 16/2023 Between

Nitish Manharlal Bajaj and & Anr. … Appellant/s V/s. M/s. Key Man & Co. & Ors. …Respondent/s

-: Order dated: 21/10/2026: -

Present as under:

Ms. Aparna Jagtap, Counsel for Appellants. Mr. Padam, Counsel for Respondent No.1. Ms. Mumtaz Khan, Counsel for Respondent No.3. No representation for Respondent No.2 despite repeated calls.

The Learned Counsel for the Appellants would submit that she has filed an application seeking permission to withdraw the present appeal. She would further submit that by way of prayer clause (b) in the said application the Appellants have sought a direction to Respondent No. 2 to refund the sale consideration amount along with interest. However, there is no representation for Respondent No.2. Accordingly, re-issue notice to the Respondent No.2 by registered speed post. Steps be taken within two weeks. List the case on 04.01.2027 for further proceedings. Sd/- Chairperson 21.10.2026 Psa-04