Om Prakash Grover vs Piramal Capital on 16 October 2026

1. The appellants filed two S.As bearing T.S.A No. 732/2022 and S.A. bearing no.84/2023 titled as **Om Prakash Grover V Piramal Capital & Housing Finance Corporation Limited** which are stated to be pending before DRT-II, Delhi. DRT-II, Delhi vide order dated 30.08.2024 on applications bearing I.A. No.3899/2024 & I.A. No.3900/2024 filed in T.S.A. No.732/2022 and applications bearing I.A. No.3901/2024 & I.A. No.3902/2024 filed in S.A. no.84/2023 has declined to grant interim protection in favour of the appellants.

2. The perusal of record reflects that the appellants were granted interim protection vide order dated 05.09.2023 but vide impugned order dated 30.08.2024, the said interim order was not continued by observing that the order dated 05.09.2023 was not passed on the merit and was an *ex parte* order. It was further observed that there was no illegality in declaring the account of the appellant NPA and as such no *prima facie* case was found to be in favour of the appellant.

3. The relevant portion of the impugned order dated 30.08.2024 passed in TSA No.732/2022 is reproduced as under:

**From perusal of the file, it is clear that notice under Section 13(2) of the SARFAESI Act, has been issued by the respondent FI on 30.04.2021. As per direction of the Hon'ble Supreme Court in Gajender Sharma Vs Union Bank of India, the moratorium was given, which was extended till 31.03.2021. Therefore, it is clear that the notice under Section 13(2) of SARFAESI Act, has been issued after expiry of the time given by the Hon'ble Supreme Court. The date of NPA cannot be changed as it will remain the same on which, 90 days has passed from the date of non-payment of the dues. The date of NPA cannot be changed and as per direction of the Hon'ble Supreme Court only the declaration of the NPA was deferred. In the present matter the declaration of the account as NPA was made after moratorium period and notice has been issued accordingly, on 30.04.2021. Therefore, there is no illegality in declaring the account of as NPA. Therefore, *prima facie* no case appears in favor of the applicant and IA of the applicant is liable to be dismissed.**

**The interim prayer of the applicant is dismissed. IA No.3899/2024 and IA No.3900/2024 in TSA No.732/2022 are dismissed.**

4. Similar order was passed on applications bearing I.A. No.3901/2024 & I.A. No.3902/2024 filed in S.A. No.84/2023.

5. The counsel for the appellants has drawn the attention of the Bench towards the order dated 24.12.2025 passed by the High Court of Delhi in W.P.(C)

bearing no.19669/2025 and 19670/2025 whereby the interim protection was ordered to be continued till the disposal of the present appeals. It is stated that at present the S.As are listed for evidence of financial institution.

6. In view of the fact that the interim protection was granted vide order dated 05.09.2023 passed by DRT-II, Delhi and the interim protection granted by the High Court of Delhi vide order dated 24.12.2025, the present appeals are disposed of with the direction to DRT-II, Delhi to conclude the trial in the above S.As on or before 30.06.2027. Till then the *status quo* shall be maintained. All pending applications, if any, also stand disposed of.

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

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