SUNIL GUPTA & ANR vs PUNJAB NATIONAL BANK & ORS

* IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment delivered on: 21.04.2025 W.P.(C) 11524/2019 CM APPL. 47332/2019 SUNIL GUPTA & ANR .....Petitioners versus PUNJAB NATIONAL BANK & ORS .....Respondents W.P.(C) 11525/2019 CM APPL. 47334/2019 CM APPL. 47335/2019 SUNIL GUPTA & ANR .....Petitioners versus PUNJAB NATIONAL BANK & ORS .....Respondents W.P.(C) 11526/2019 CM APPL. 47337/2019 CM APPL. 47338/2019 SUNIL GUPTA & ANR .....Petitioners versus PUNJAB NATIONAL BANK & ORS .....Respondents W.P.(C) 11527/2019 CM APPL. 47348/2019 SHALINI GUPTA .....Petitioner versus PUNJAB NATIONAL BANK & ANR .....Respondents 1. The Petitioners have challenged the common order dated 16.09.2019 passed by the Debts Recovery Appellate Tribunal, Delhi (‘DRAT’) in Appeal No.136/2017, Appeal No.133/2017, Appeal No.134/2017 and Appeal No.135/2017 filed by Respondent No.1/Punjab National Bank (‘PNB’) holding that PNB was a genuine mortgagee of the two properties in question and the same were not vitiated due to any kind of fraud having been played by PNB officials (‘impugned order’). The DRAT further held that the bank had rightly exercised its rights as a secured creditor by selling the property No. 422-426,