Debts Recovery Tribunals and Appellate Tribunals
DRMS Ventures LLP vs Ace Fab Overseas and ors on 13 November 2026
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IN THE DEBTS RECOVERY APPELLATE TRIBUNAL- ALLAHABAD Diary No. 2618/2026 Date 13.11.2026 DRM Ventures LLP ………………..Appellant
M/s ACE Fab Overseas & Ors Respondent Ld.Counsel for the appellant Shri Vijay Kumar Yadav is present. Ld.Counsel affixed Rs.10 Non Judicial Stamp with the Application for tagging the Appeal and memo of appeal. Ld.Counsel also filed Waiver Application(I.A.No.1682/2026)
Ld.Counsel pleads that the appellant has already paid the entire sale consideration to the Respondent Bank,therefore no pre-deposit is required.
Defects reconciled except pre-deposit.
As per order dated 11.11.2026 defect no.1,4,5 have been reconciled already The present Regular appeal is filed u/s 18 of the SARFAESI Act 2002 on 03.11.2026 by Shri Sumit Agarwal,Ld. Counsel for the appellant against the Final Order dated 30.09.2026 passed in the S.A. No. 212 of 2018 by Debts Recovery Tribunal,Lucknow.
A caveat No. 137 of 2026 has also been filed by Shri Harsh Chopra, Advocate on behalf of the caveator in the instant case and the proof of service through E-Mail is annexed with the appeal, by the Ld. Counsel for the appellant. Ld.Counsel also filed Urgency Application(I.A.No.1656/2026) Ld.Counsel also filed Application for tagging the Appeal with Appeal filed by the Bank(I.A.No.1657/2026) Ld.Counsel also filed Waiver Application(I.A.No.1682/2026). List this case before Hon’ble Court on 16.11.2026 for waiver.
AM Registrar