SUNIL GUPTA & ANR vs PUNJAB NATIONAL BANK & ORS

Judgment text excerpt

* IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment delivered on: 17.01.2026 + W.P.(C) 11524/2019 SUNIL GUPTA & ANR. .....Petitioners versus PUNJAB NATIONAL BANK & ORS. .....Respondents Advocates who appeared in this case For the Petitioners : Mr. Sanjoy Ghosh, Senior Advocate with Mr. Avinash Kumar Lokhanpal, Mr. Piyush Lakhanpal and Mr. Ripunj Tiwari, Advocates. For the Respondents : None. CORAM: HON'BLE MR. JUSTICE ANIL KSHETARPAL HON'BLE MR. JUSTICE TEJAS KARIA JUDGMENT TEJAS KARIA, J CM APPL. 69366/2025 (Exemption) 1. Exemption allowed, subject to just exceptions. 2. The Application stands disposed of. CM APPL. 69367/2025 (172 days delay in filing Review Petition) 3. This is an Application filed on behalf of the Petitioners under Section 5 of the Limitation Act, 1963 read with Section 151 of the Code of Civil Signature Not Verified W.P.(C) 11524/2019 Page 1 of 12 Signed By:NEELAM SHARMA Signing Date:17.01.2026 17:37:20 Procedure, 1908 (“CPC”) seeking condonation of delay of 172 days in filing the Review Petition. 4. For the reasons stated in the Application, the same is allowed. 5. The Application stands disposed of. REVIEW PET. 556/2025 6. The present Review Petition has been filed under Order XLVII Rule 1 read with Section 114 of the CPC seeking review of the Judgment dated 21.04.2025 passed by this Court in Writ Petition (Civil) No. 11524/2019 (“Judgment”) on the following grounds: 6.1 There are errors apparent on the face of record in the Impugned Judgment. The findings recorded in Paragraph No. 50 of the Judgment to the effect that the Property being Flat No. A-701, Kasarwani Cooperative Group Housing Society Limited, of Respondent No. 8, Mr. Rakesh Patwa, released by Respondent No. 1 Bank, was not of the principal borrower, is clearly erroneous as Respondent