Debts Recovery Tribunals and Appellate Tribunals

Mr. Sanjay Singal & Anr. vs IDBI BANK on 15 October 2026

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**DEBTS RECOVERY APPELLATE TRIBUNAL, DELHI**

**Misc. Appeal No. 362/2026

Arising out of OA No. 199/2019 (DRT-III, Delhi)**

**Item No. 8**

**Mr. Sanjay Singal & another

V

IDBI Bank Limited & others**

**15.10.2026 Hon'ble Dr. Justice Sudhir Kumar Jain**

Present: Sh. Pallav Saxena, Advocate for appellants This matter is taken up through Hybrid hearing.

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1. Sh. Pallav Saxena, Counsel for the appellants stated that in the present appeal challenge is to order dated 31.08.2026 passed by the DRT-III, Delhi in OA bearing no. 199/2019 titled as **IDBI Bank V Sanjay Singhal & others**. The relevant part of the order dated 31.08.2026 is reproduced as under:

2. Learned counsel for the Applicant submits that the Defendants are presently before the NCLT and the proceedings before the Learned NCLT are pending consideration.

3. Learned counsel of the Applicant further submits that, in the event any substantial order is passed by the Learned NCLT, the Applicant shall move an appropriate application before this Tribunal for seeking further proceedings in the matter. In view of the aforesaid submission, the matter is adjourned.

4. Now the matter stands adjourned to 16.11.2026 for further proceedings.

2. Sh. Pallav Saxena, Counsel for the appellant stated that the appellants are happened to be the defendants no 1 & 2 in the Original Application. Sh. Pallav Saxena, Counsel for the appellant further stated that the appellants filed an application bearing I.A. no. 285/2026 on the basis of the facts that the defendants no. 1 & 2 has already been declared as bankrupt by the NCLT, the said fact was not considered by the DRT-III, Delhi and the application bearing I.A. no. 285/2026 was also not disposed of.

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3. He further stated that the present appeal shall be disposed of by giving directions to DRT-III, Delhi to consider the IA bearing no. 285/2026.

4. Accordingly, in view of the submissions made by the Counsel for the appellant the present appeal is disposed of with the direction to the DRT-III, Delhi to consider the IA bearing no. 285/2026 in accordance with law and in due course of trial. The pending application, if any, is also stand disposed of.

----- **(Dr. Justice Suchir Kumar Jain)** Chairperson

-P

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