DEBT RECOVERY APPELLATE TRIBUNAL
UNKNOWN, UNKNOWN
AVINASH BHARAT PAWAR – Appellant
Versus
THE SOUTH INDIAN BANK LTD – Respondent
In Misc.rApp^
Dated: 09:07.2025 'Hie inattcr' is taken-up for -hcaring by sway of a Praecipe i' fil&d by tlie-Peti'dbners/.Appeiiants’fbr^see'king urgent-relief. •faie’ Application is -filed seeking waiver of the statutory deposit.required urider Section 18(1) ofthe SARFAESl Actr-lOO^, 1 forentertainthe. Appeal.
Learned Counsellor Pctitioners/Appeliants submitted .that ;
■the .Petitioners/Appellahts filed. S.A. No. 48672025 challenging the measures taken, -in pursuance; of Sale Notice' /dated ,13.01.2025,;-sale, issuance, of^sale certificate,^symbolic possession notice dated- 27.10.2023: and order passed by Learned District MSgisti-ate :on ■2ii02i!2024. He also filed: :].A.r No. ,1557/2025 /seeking'Stay of'proceedings; ph rejection of aforesaid I.A., this Appeal is filed along, with .Waiver Application. It is his submission that the Pctitioners/Appeliants availed loan of Rs. 2 Crores.and. madeJsOme payinchts. Without giving 30 days’ clear notice, the i property was sold. As perthe’valuation report, obtained by -I*
i ' ■
Respondent Batiks the. value of property is' shown as RaS/T^SSipOO/- but the; property was sold for Rs.AiplJ^OOO/-. The Auction. Purchaser. is not, a bonafide purchaser
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