M/S GALAXY EDUCATION SOCIETY vs M/S VARTHANA FINANCE PRIVATE LIMITED on 21 October 2026

1. The instant application is filed for condonation of delay of 89 days in filing the present appeal due to the reasons as stated in the application. After considering all facts, the delay of 89 days in filing the present appeal stands condoned.

**Appeal No. 321/2026**

2. The appellant filed S.A. bearing NDN No.1305/2026 titled as **M/s Glaxy Education Society & another v M/s Varthana Finance Private Limited & others** which was stated to be pending before DRT-II, Chandigarh. The appellant filed I.A. bearing No. 648/2026 for condonation of delay in filing the S.A. bearing NDN No. 1305/2026 under Section 17 of the SARFAESI Act which was ordered to be dismissed vide order dated 26.05.2026 and as a consequence of which the S.A. was also dismissed as barred by limitation.

3. The Counsel for the appellant stated that the DRT-II, Chandigarh while passing the impugned order has not considered the law laid by the Punjab & Haryana High Court in case of **Harsimran Singh and another v Debts Recovery Tribunal-III, Chandigarh and others** decided on 12.09.2025 in Writ Petition bearing CWP No. 20243/2025. It is prayed that impugned order dated 26.05.2026 be set aside.

4. Accordingly, the impugned order dated 26.05.2026 is set aside and the issue of limitation is remanded back to the DRT-II, Chandigarh for fresh consideration to the DRT-II, Chandigarh in view of the law laid down by the Punjab & Haryana High Court in case of **Harsimran Singh and another v Debts Recovery Tribunal-III, Chandigarh and others** as referred herein above or any other judgment to be cited by the Counsel for the appellant. The appeal is accordingly along with pending application, if any, disposed of.

5. Parties are directed to appear before DRT-II, Chandigarh on 29.10.2026 for further direction.

6. The copy of this order be sent to DRT-II, Chandigarh for information and compliance.

\_\_\_\_\_ (Dr. Justice Sudhir Kumar Jain) Chairperson

-NS