TRUEVALUE MARKETING SERVICES PRIVATE LIMITED & ANR. vs UNION OF INDIA & ORS.

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on: 02.12.2025 Judgment pronounced on: 23.12.2025 Judgment uploaded on: 23.12.2025 W.P.(C) 18257/2025, CM APPL. 75549/2025, CM APPL. 75550/2025 & CM APPL. 75551/2025 TRUEVALUE MARKETING SERVICES PRIVATE LIMITED AND ANR. ….Petitioners Through: Mr. Rajeeve Mehra, Sr. Adv. along with Mr. Samyak Bilala, Advocate versus UNION OF INDIA & ORS. .....Respondents Through: Mr. Premtosh K. Mishra, CGSC along with Mr. Anurag Tiwari, Mr. Prarabhdh Tiwari and Mr. Shrey Sharma, Advocates for R-1/UoI. Mr. Vipin Jai and Mr. Ujjwal Goel, Advocates for R-5/BoI CORAM: HON'BLE MR. JUSTICE ANIL KSHETARPAL HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR JUDGMENT ANIL KSHETARPAL, J. 1. Through the present petition, the Petitioners (the Auction Purchasers of the properties located in Mumbai and Chennai) assail the correctness of the order dated 08.04.2025 [hereinafter referred to as ‘Impugned Order’] passed by the learned Presiding Officer, Debts Recovery Tribunal [hereinafter referred to as ‘DRT’] -II, Delhi against 2. The limited issue before this Court is whether the Petitioners, despite the availability of a statutory appeal, have been ren