JUDGMENT

1. The present petition has been filed seeking a writ in the nature of Certiorari to quash and set aside the orders dated 27.10.2020 and 11.12.2020 passed by the Debt Recovery Appellate Tribunal, New Delhi (DRAT) in Appeal No. 68/2020 and Review Application 05/2020 in Appeal No. 68/2020. The petitioners in the present petition are the following:

i. "Smt Anita Garg

ii. Shri. Prem Chand Garg.

iii. Smt. Pushpa Gupta

iv. Smt Radha Gupta

v. Smt. Anju Goel"

2. Briefly stated, the facts giving rise to the filing of the present petition are as under -

3. M/s Nutrionex Manufacturers Limited (hereinafter called "NML'7 Borrower company), earlier known as Shri Lal Mahal Ltd., was incorporated as a company in the year 1997 (earlier being a proprietorship firm namely, Shiv Dayal Mai Shivnath Rai).

4. NML availed of various loan facilities from State Bank of Travancore and, thereafter, a consortium of banks including State Bank of India.

5. On 30.03.2019, the respondent bank filed Original Application under Section 19 of Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (hereinafter