Debts Recovery Tribunals and Appellate Tribunals
Mrigendra Jalan vs Asset Reconstruction Company (India) Limited on 6 August 2026
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IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA HON’BLE MR. JUSTICE ANIL KUMAR SRIVASTAVA CHAIRPERSON Misc. Appeal Dy. No. 139 of 2026
Order No. 12 06.08.2026
Mrigendra Jalan ……Appellant -Vs- Asset Reconstruction Company (India) Limited … Respondents Ms. Maitreyee Das, Mr. Karan Khanna, Learned Counsel for the Appellants Mr. Sayak Ranjan Ganguly, Learned Counsel, Ms. Chaitali Acharya, Learned Counsel for the Respondent THE APPELLATE TRIBUNAL : I.A. No. 134 of 2026 I.A. No. 103 of 2026 I.A. No. 134 of 2026 Application under Section 5 of Limitation Act, 1963 for condonation of delay of 11 days in filing the Appeal against the judgement and order dated 22nd December, 2025 passed by the Learned DRT-1 Kolkata in TA No. 293 of 2013 (ARC India Ltd. versus Maikaal Fibres Ltd. and ors). Appeal is filed on 05.02.2026. Certified copy was applied on 04.02.2026. It was prepared on 12.02.2026. Heard the Learned Counsel for the parties and perused the record. Learned Counsel for the Appellant Ms. Maitreyee Das submits that there are sufficient grounds for condonation of
2 delay. The delay is not intentional. Rather, the impugned order was uploaded on 26th December, 2025. Thereafter, in preparation of the memo of Appeal, delay was caused. Opposed by the Learned Counsel for the Respondents. Having considered the submissions, I found the ground to be sufficient. Accordingly, I.A. No. 134 of 2026 is allowed. Delay in filing the Appeal is condoned. I.A. No. 103 of 2026 Application under Section 21 of the Recovery of Debts and Bankruptcy Act, 1993 for waiver from making pre-deposit. Heard the Learned Counsel for the parties. Impugned order is passed in pending O.A. wherein debt is yet to be determined. Accordingly, there is no requirement of any pre-deposit. I.A. No. 103 of 2026 stands disposed of. Admit the Appeal by providing a regular Appeal number. Opposition to the Appeal be filed within three weeks with copy to the Appellant who may file rejoinder within two weeks thereafter. List on 5th October, 2026 for hearing of Appeal.
(Anil Kumar Srivastava,J) Chairperson Dated 6th August, 2026 5/tp