M/S SARASWATI EDUVISION PVT LTD vs PIRAMAL CAPITAL AND HOUSING FINANCE LIMITED

Judgment text excerpt

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on: 27.10.2025 Judgment pronounced on: 18.11.2025 + W.P.(C) 4302/2023, CM APPL. 16596/2023, CM APPL. 21240/2023, CM APPL. 37353/2023 and CM APPL. 52750/2024 M/S SARASWATI EDUVISION PVT LTD .....Petitioner Through: Mr. Mohit Chaudhary, Mr. Kunal Sachdeva, Ms. Katyayani Vajpayee and Mr. Naveen Sharma, Advs. versus PIRAMAL CAPITAL AND HOUSING FINANCE LIMITED .....Respondent Through: Mr. Mukul Bhimani, Adv. for R-1 Mr. Vijay K. Gupta and Mr. Mehul Gupta, Advs. for R-2 CORAM: HON'BLE MR. JUSTICE ANIL KSHETARPAL HON'BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR JUDGMENT HARISH VAIDYANATHAN SHANKAR, J. 1. The present Writ Petition, filed under Article 226 of the Constitution of India1, assails the Order dated 31.03.20232 passed 1 Constitution 2 Impugned Order Signature Not Verified W.P.(C) 4302/2023 Page 1 of 19 Digitally Signed By:HARVINDER KAUR BHATIA Signing Date:19.11.2025 15:56:49 by the learned Debts Recovery Appellate Tribunal3 in Misc. Appeal No. 50/2023, which had been preferred by the Petitioner challenging the Order dated 27.03.2023 passed by the learned Debts Recovery Tribunal4 in I.A. No. 545/2023 (application for urgent listing) and I.A. No. 546/2023 (application seeking restraint against the sale notice dated 10.03.2023) filed in TSA No. 798/2022. 2. By the said Order dated 27.03.2023, the learned DRT declined to restrain the operation of the sale notice dated 10.03.2023 issued by Respondent No. 1-Financial Institution in respect of the mortgaged property bearing No. C-71/B and C-71/F, Khasra No. 583, Khewat No. 92, Khatoni No. 251, Shivaji Park, New Punjabi Bagh, New Delhi - 1100265. 3. By way of the Impugned Order dated 31.03.2023, the learned DRAT declined to grant any interim relief in respect of