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DEBT RECOVERY APPELLATE TRIBUNAL
Anil Kumar Srivastava, Chairperson
Paramananda Hardware & Builders – Appellant
Versus
Bank of India – Respondent
| Table of Content |
|---|
| 1. procedural history of sarfaesi loan recovery proceedings (Para 1 , 2 , 3 , 4 , 5 , 6 , 7 , 8) |
| 2. appellant's arguments on procedural irregularities and redemption (Para 10 , 11 , 12 , 13 , 14 , 15 , 16 , 17) |
| 3. respondent's objections to appeal maintainability and review (Para 18 , 19 , 20 , 24) |
| 4. review petition not maintainable absent error on record (Para 21 , 22 , 23 , 25 , 26 , 42) |
| 5. limited scope of review under drt rules and cpc (Para 27 , 28 , 29 , 30 , 31 , 32 , 33 , 34 , 35 , 36 , 37 , 38 , 39 , 40 , 41) |
| 6. res judicata bars subsequent sale challenge application (Para 43 , 44 , 45 , 46) |
| 7. section 14 order valid despite delay; appeal dismissed (Para 47 , 48) |
JUDGMENT : 18 March, 2026
THE APPELLATE TRIBUNAL:
1. Instant appeal has been preferred against order dated 23" December, 2025, passed by Learned DRT-II, Kolkata in S.A. 124 of 2025 (M/s. Paramananda Hardware & Builders -vs- Indian Bank) whereby I.A. 1886 of 2025, I.A. 1887 of 2025 and I.A. 2144 of 2025 are dismissed by the Learned DRT by a common judgment.
2. Facts of the case, as per pleadings, are that Appellants herein, M/s. Paramananda Hardware & Builders, are the Borrowers of Respondent No. 1, Bank of
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