Debts Recovery Tribunals and Appellate Tribunals
CANARA BANK vs M S G Q CONSULTANTS PVT LTD on 5 October 2026
**DEBTS RECOVERY APPELLATE TRIBUNAL, DELHI**
**(Holding Additional Charge of DRAT, Kolkata)**
**Dy. No. 699/2026 (Misc. Appeal)
Arising out of TA No.1068/2018 (DRT-II, Hyderabad)**
**Item No. 1**
**Canara Bank
V.
MSGQ Consultants Private Limited**
**05.10.2026 Hon'ble Dr. Justice Sudhir Kumar Jain**
Present: Ms. Anindita Das, Advocate for appellant through VC
Sh. Prakashraju, Advocate for respondents no.1 to 5 through VC
Sh. V Ravinder, Advocate for respondents no.6 to 9 through VC
This matter is taken up through Hybrid hearing.
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1. 1. Issue notice of the application bearing I.A. No.443/2026 for condonation of delay and Misc. Appeal filed vide Diary No.699/2026 to the respondents. Sh. Prakashraju, Advocate accepts the notice on behalf of the respondents no.1 to 5 and Sh. V Ravinder, Advocate accepts the notice on behalf of the respondents no.6 to 9.
2. 2. The respective counsels for the respondents seek time to file response to the application bearing I.A. No.443/2026 for condonation of delay and appeal. Let the needful be done within two weeks with advance copy to the counsel for the appellant
3. 3. The counsel for the appellant stated that the appellant has already paid a sum of Rs.66,26,810.00 in terms of order dated 22.10.2025. It is further stated that the appellant is ready to pay the interest @ 6.25% p.a. to the auction purchaser. He further argued that DRT-II, Hyderabad vide impugned order dated 22.10.2025 has granted interest @ 12% p.a. which compounded monthly.
4. 4. Till the next date of hearing, the operation of the order dated 22.10.2025 particularly to the extent of award of the interest shall remain stayed.
5. 5. List on 16.11.2026 as already fixed for argument.
**(Dr. Justice Sudhir Kumar Jain)** **Chairperson** **Addl. Charge, DRAT, Kolkata**
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