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2021 Supreme(Guj) 917

BHARGAV D.KARIA
NEWTON ENGINEERING AND CHEMCIALS LTD. THROUGH ITS DIRECTOR N. VIJAYALAKSHMI NIDADAVOLU – Appellant
Versus
DEBTS RECOVERY APPELLATE TRIBUNAL, MUMBAI – Respondent


Advocates Appeared:
For the Appellant : MR SHAKTI S JADEJA, MR SP MAJMUDAR
For the Respondent: BHASKAR SHARMA, GAURAV D NANAVATI, JUHI D CHAVDA, KHYATI A CHUGH

ORDER :

1. Heard learned advocate Mr. S.P. Majmudar for the petitioners assisted by learned advocate Mr. Shakti S. Jadeja, learned advocate Mr. Bhaskar Sharma for respondent no.2 and learned advocate Ms. Khyati Chugh for respondent no.3.

2. By this Civil Application, the applicants have prayed for extension of time to deposit amount of Rs.1,25,00,000/- as per the order passed by this Court on 16th September, 2021.

3. Learned advocate Mr. Majmudar appearing for the applicants submitted that the applicant could deposit only Rs. 25 lakhs out of Rs.1,25,00,000/- to be deposited and, therefore, this application is preferred with a prayer to extend the time to deposit the remaining amount of Rs. 1,00,00,000/- on or before 12th November, 2021.

4. Mr. Majmudar has also tendered an additional affidavit on behalf of the petitioners filed on behalf of the petitioners, wherein following averments are made :

    “(1) It is submitted that vide order dated 16.09.2021, this Hon’ble Court has been pleased to issue ‘Notice’ upon respondents making it returnable on 20.10.2021 and has further been Pleased to direct the parties to maintain ‘status quo’ with regard to the properties of petitioners and with rega

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