Debts Recovery Tribunals and Appellate Tribunals
MOONGIPA REALTY PVT LTD (FORMERLY KNOWN AS AXAY RAJ BUILD WELL PVT LTD) vs INDIAN BANK (FORMERLY KNOWN AS ALLAHABAD BANK) AND 3 ORS on 5 November 2026
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BEFORE THE DEBTS RECOVERY APPELLATE TRIBUNAL, AT: MUMBAI Present: Justice Vivek Bharti Sharma, Chairperson Regular Appeal No. 38/2025 Between
Moongipa Realty Pvt. Ltd. … Appellant/s V/s. Indian Bank & Ors. …Respondent/s
-: Order dated: 05/11/2026: -
Present as under:
Mr. Rupak Swangikar along with Mr. Santosh Pathak & Mr. Harsh Tripathi, i/b M/s. Law Origin, Counsel for Appellant. Mr. V.N. Ajikumar along with Mr. Vikas Mulik, i/b M/s. VNA Legal, Counsel for Respondent No.1/Bank. No representation for other Respondents despite repeated calls.
The Learned Counsel for the Appellant would submit that the cost has been deposited as per the order dated 05.10.2026. However, no time left as the Appellate Tribunal was occupied in hearing arguments in Regular Appeal No. 130/2023 in compliance with the direction of the Hon’ble High Court to decide the matter within a time-bound period. List the case on 06.01.2027 for hearing. Interim order, if any, shall continue till the next date of hearing. Sd/- Chairperson 05.11.2026 Psa-01