Debts Recovery Tribunals and Appellate Tribunals
Prasoon Rounak vs CANARA BANK on 3 November 2026
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IN THE DEBTS RECOVERY APPELLATE TRIBUNAL- ALLAHABAD Diary No. 2593/2026 Date 03.11.2026 Prasoon Rounak ………………..Appellant
Canara Bank Respondent Ld.Counsel for the appellant Shri Sachin Mishra is present. Ld. Counsel filed proof of service to the caveator. Ld. Counsel undertakes to file legible pages before the Hon’ble Court if and whenever required. Regarding pre-deposit Ld. Counsel filed Waiver Application and vide said application he submits that against the demanded amount of Rs.1,17,72,194.06 the appellant has already deposited Rs. 30 Lacs before this tribunal in Dy.No.1900/2026,which was disposed of on 08.07.2026 and the appellant has not yet prayed for release of amount.The deposited amount is more than 25% but less than 50% of the debt due.
Defects reconciled.
The present Misc. Appeal is filed u/s 18 of the SARFAESI Act, 2002 on 30.10.2026 by Shri Satish Prasad,Ld. Counsel for the appellant against the Interim Order dated 23.09.2026 passed in the S.A.No.57 of 2026 by Debts Recovery Tribunal,Ranchi.
Ld. Counsel also filed Urgency Application(I.A.No.1648/2026),Waiver Application(I.A.No.1647/2026).
A caveat No. 145 of 2026 has also been filed by Shri Maneesh Mehrotra, Advocate on behalf of the caveator in the instant case and the proof of service is annexed with part B, by the Ld. Counsel for the appellant. List this case before Hon’ble Court on 16.11.2026 for waiver.
AM Registrar