Safed Vanijya Appeal Dismissed for Default

Authority: Hon'ble Court (Judges Ravi Krishan Kapur, J.; Rishad Medora, J.)

Order Date: 12 August 2026

Case Overview

• Parties: M/s. Safed Vanijya Pvt. Ltd. (appellant) versus Indian Bank & Ors. (respondents).
• The appeal (FMA 575 of 2023, originally CAN 1 of 2018, previously CAN 1903 of 2018) challenges a proceeding initiated before the Debts Recovery Tribunal under the SARFAESI Act, 2002.
• No counsel or party appeared for any of the three scheduled calls; no adjournment was sought.
• The matter concerned enforcement of security interest and recovery of financial assets.

Final Outcome

• The appeal is dismissed for default due to deliberate non‑appearance of the parties.
• Any interim order previously granted in the matter is vacated.

Topics: Debt Recovery; SARFAESI Act; Banking Litigation