Supreme Equiments Private Limited vs M/s Jyothi Paper Udyog Ltd.

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2026 Supreme(Online)(DRAT) 49

DEBT RECOVERY APPELLATE TRIBUNAL
G. Chandrasekharan, Chairperson
Supreme Equiments Private Limited – Appellant
Versus
M/s Jyothi Paper Udyog Ltd. – Respondent

Advocates:
For the Appellants/Petitioners: Mr. Rohit Gupta for M/s Vidhii Partners
For the Respondents: Mr. Gaurang Kinkhabwala, Mr. Gajendra Rajput

Table of Content
1. factual background of the case. (Para 1 , 2 , 3)
2. submissions regarding the sarfaesi act. (Para 4 , 5)
3. observations on the implications of ibc. (Para 6 , 7 , 8 , 12)
4. contentions on applicability of moratorium. (Para 9 , 10)
5. legal propositions on debts and moratorium. (Para 13 , 16 , 17)
6. interplay of guarantor's rights and moratorium. (Para 18 , 19 , 20)
7. clarification on applicability of moratorium. (Para 21 , 22 , 23)
8. final judgment and its implications. (Para 26 , 27)

ORDER

1.Aggrieved against the order dated 27.5.2025 passed in IA No.1644/2025 in SA 82/2025 on the file of DRT-III, Mumbai appellant filed this Appeal under Section 18 ofthe SARFAESI Act .

2. Respondents filed SA No.82/2025 to quash and set aside the possession notice dated 29.1.2025 issued by Tehsildar, Nasik; to quash and set aside order dated 15.1.2024 passed under Section 14 of the SARFAESI Act by learned District Magistrate, Nasik; to quash and set aside order dated 8.5.2025 passed by learned District Magistrate, Nasik, the Notice issued on 13.5.2025 by advocate commissioner for taking physical possession and for other reliefs.

3.W hen the said SA was pending, respondents 1 and 2