M/s. Bholanath Industries AND 5 ORS vs PUNJAB NATIONAL BANK AND 4 ORS on 23 October 2026

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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Justice Vivek Bharti Sharma, Chairperson Regular Appeal No. 81/2025 Between

M/s. Bholanath Industries & Ors. … Appellant/s V/s. Punjab National Bank & Ors. …Respondent/s

-: Order dated: 23/10/2026: -

Present as under:

Ms. Pranjali A and Ms. Neeta Pandit (through VC), Counsel for Appellants. No representation for Respondent Nos. 1, 2 & 3. Ms. Mumtaz Khan, Counsel for Respondent Nos. 4 & 5/Auction Purchaser.

Upon perusal of the notice sheet dated 27.08.2026, it is observed that the Appellants were directed to serve notice upon Respondent Nos. 1, 2 and 3 by registered speed post. However, no affidavit of service has been filed by the Appellants. In view of the above, re-issue notice to Respondent Nos. 1, 2 and 3 by registered speed post. Steps be taken within two weeks. List the case on 04.12.2026 before the Ld. Registrar for report and service. Interim order, if any, shall continue till the next date of hearing before the bench. Sd/- Chairperson 23.10.2026 Psa-08