Debts Recovery Tribunals and Appellate Tribunals
MS AASTHA ORGANISERS PVT LTD vs STATE BANK OF INDIA on 1 October 2026
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Justice Vivek Bharti Sharma, Chairperson Misc. Appeal Diary No. 1284/2026 Between
M/s. Aastha Organisers Pvt. Ltd. … Appellant/s V/s. The Authorised Officer, State Bank of India & Ors. …Respondent/s
-: Order dated: 01/10/2026: -
Present as under:
No representation for the Applicant/Borrower despite repeated calls. Mr. Zulfiq Multani, i/b Mr. Manoj Mishra, Counsel for Respondent No.1/Bank. No representation for other Respondents despite repeated calls.
Vide order dated 19.08.2026, the Applicant/Borrower was directed to deposit a sum of ₹11,40,02,477.65/- towards the mandatory pre-deposit. However, the report of the Registry reflects that the Applicant/Borrower has failed to comply with the direction of this Appellate Tribunal and has not deposited the mandatory pre- deposit amount as required under Section 18 of the SARFAESI Act. Accordingly, Misc. Appeal (Diary) No. 1284/2026 stands dismissed for non-compliance. All pending, I.As if any, stand dismissed. Sd/- Chairperson 01.10.2026
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