1 of 14

IN DEBTS RECOVERY APPELLATE TRIBUNAL, ALLAHABAD

Appeal Dy. No. 326/2019

The Authorized Officer, Aditya Birla Finance Ltd., having

its Registered Office at Indian Rayon Compound, Verawal,

Gujarat-362266.

……....……………..….……………...…………………………………Appellant

Versus

1.Sanco Industries Limited, through its Director, Mr.

Sanjay Gupta, having its registered office at D-161,

Surajmal Vihar, New Delhi.

2.Mr. Sanjay Gupta, R/o C-56, Surajmal Vihar, New

Delhi.

3.Mr. Anurag Gupta, R/o 7/614, Gali Jain Mandir, Kesari

Mohalla, Shahdara, Delhi.

…………..……………………………………………………………Respondents

Advocates who appeared in this case

For the appellant

Shri Sanjeev Singh, Advocate

For the respondents

Shri Rohit Suri, Advocate

JUDGMENT

Date of Decision: 13.01.2021

R. S. KULHARI, CHAIRPERSON

1.This appeal has been preferred under section 18 of the

Securitization and Reconstruction of Financial Assets

and Enforcement of Security Interest Act, 2002 (for

short “the SARFAESI Act”) against the order dated

23.09.2019 passed by the Presiding Officer, DRT,

Lucknow, whereby the securitization application (S.A.)

filed by the respondents was allowed.

2 of 14

2.The relevant facts o