Authority: High Court of Judicature at Bombay
Order Date: 10 September 2026
Case Overview
- Petition No. 2105 of 2026 filed by Punjab National Bank (Petitioner) against Parveen Prakash Mahtani & Ors. (Respondents). Respondent No.1 is Parveen Prakash Mahtani.
- The dispute concerns a property sale that had been confirmed by the Debts Recovery Appellate Tribunal (DRAT) on 1 January 2025 in favour of Respondent No.1, subject to deposit of the entire sale consideration within 15 days.
- The DRAT had earlier set aside the order of the Debts Recovery Tribunal (DRT) and upheld the sale.
- On 14 January 2025, a Division Bench of this Court directed that the Memorandum of Appeal and reply be placed on record and allowed Respondent No.1 to deposit the consideration, but the sale would not be confirmed pending further orders.
- Subsequent to those directions, Respondent No.1, citing bereavement in the family, informed counsel that she is no longer able to take the benefit of the DRAT order and requested the Court to allow the writ petition without examining merits.
Final Outcome
- The Court, after considering the respondent’s statement, allowed the writ petition in terms of prayer clause (a) and quashed the impugned DRAT order dated 1 January 2025.
- The earnest money previously deposited by Respondent No.1 has been refunded by Punjab National Bank.
- Liberty is reserved for Respondent No.1 to participate in any future auction of the subject property that may be conducted by the petitioner‑bank.
- All pending applications, if any, are disposed of.
Topics: Court Order, Property Sale Dispute