Debts Recovery Tribunals and Appellate Tribunals
STATE BANK OF INDIA vs AGRI BEST INDIA LTD. AND ORS. on 26 October 2026
t)oti't's RltcovtiltY Al)l,lll,l,A'l'E'l'RI l][JNAL, l)El,ll I
Misc Appcal No.l I 712022
Arising out of S.A. No.25412(ll9 (l)lt'l'-ll, Chancligarh)
Itcm No.12
Statc llanh of India
V.
Agri llcst India l,imitcd & othcrs
26.10.2026
I)rcscrrt:
Ilon'blc I)r. .lusticc Sudhir Kumar .Iain Sh. Amroncira I(unrar Singh, Aclvocatc firr thc appcllant thror-rgh VC
'l'his mattcr is takcn up through Ilybrid hcaring.
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1. Appcllant filod S.A. bcaring no.25412019 titlcd as Agri Ilest India Limitcd & others V. State Ilank of India & others whioh is pcnding bcforc DI{'I'-II, Chandigarh. DI{I'-II, Chandigarh vidc ordcr datcd 10.05.2022 passcd in I.A. baring no.42912022 filcd by thc rcspondcnts bcing S.A. applicants has staycd thc salc fixccl {br 12.0-5 .2022. 'l'ho appcllant boing aggricvcd Illcd thc prcscnl appcal.
2. Sh. Amrcnclrar Kurnar Singh, Aclvocatc lbr thc appcllant statccl that thc S.A. is still pcrrcling lirr disposal. 'l'hc inrpugnccl orc]cr was passccl in thc ycar 2022 whilc thc S.A. rvas Illccl in tl-rc ycerr 2019. 'l'lrc rcspondcnts arc statccl to bc in possossion o f' thc sr,rbj cct propcrty.
3. Alicr considcrir"rg all I'acts, thc prcscnt appcal is disposccl of with thc diroction to l)l{'l'-ll, Chancligarh to dcciclc thc S.A. bcaring n<>.25412019 as carly as possiblc, prcfcrably on or bcforc 30.06.2027. DI{'I'-II, Chandigarh whilo dcciding S.A. shall not bc influcnccd by any obscrvation madc in thc ordcr datcd 10.05.2022. It is also madc olcar that all thc plcas and contcntions of thc contcsting partics shall rcmain opcn to bc takcn during thc trial of S.A. bcftrrc DI{l'. 'l'hc intcrim ordcr datcd 10.05.2025 grantod by I)It'l'-II, Chandigarh shall continuc till thc disposal of thc S.A. bcaring no.25 412019 unlcss and until it is vacatcd/modificd/ vcrificd by DI{l' in accorclancc with law. (Dr. Justice Sudhir Kumar.Iain) Chairpcrson -pkS