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2026 Supreme(Online)(DRAT) 56

DEBT RECOVERY APPELLATE TRIBUNAL
DRAT Mumbai
PEAGASUS ASSETS RECONSTRUCTION PVT. LTD – Appellant
Versus
Daya Builders – Respondent


DEBT RECOVERY APPELLATE TRIBUNAL-MUMBAI (SITTING AT -CHENNAI)

Transfer Petition No. 02/2026 [S.A. No. 106/2024, DRT-I, Mumbai]

Dated: 04.02.2026 The matter is taken up for hearing by way of a Praecipe filed by the Petitioner/Appellant ARC seeking urgent relief.

This Transfer Application is filed for transferring Securitisation Application No. 106/2024 from DRT-I, Mumbai, to any other DRT.

It is the submission of Learned Counsel for the Petitioner/Appellant that the Learned Presiding Officer passed an order in the above case on 28.11.2025 as follows.

"Both sides represented. I.A. No. 2354 of 2025 is to be heard.

The respondent/bank urges that it should be heard today before any orders are passed in this matter.

This Tribunal is now placed with full additional charge of DRT-III wherein so many urgent matters of urgent nature are to be attended to each day. Many cases which are to be disposed off on urgent manner, on directions of expedite disposal by Hon'ble High Court and Hon ble DRAT which include a matter of the Ld. counsel for the respondent also, are also to be attended, some of which are pending today in both this Tribunal and DRT-III. The said matter so directed to be disposed off by

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