Neutral Citation No. - 2025:AHC-LKO:36912 Court No. - 7 Case :- MATTERS UNDER ARTICLE 227 No. - 3898 of 2025 Petitioner :- M/S Shubh Mangalam Industries Thru. Its Partners Mrs. Chanda Singh And 2 Others Respondent :- Debt Recovery Tribunal Lko. Thru. Its Presiding Officer And 6 Others Counsel for Petitioner :- Praveen Dwivedi Counsel for Respondent :- C.S.C.,Deepak Singh Hon'ble Pankaj Bhatia,J. 1. Heard learned counsel for the petitioners and Shri Deepak Singh, learned counsel for the respondent no. 2. 2. The present petition has been filed for the following relief: " I) To issue an order or direction to the Debts Recovery Appellate Tribunal, Lucknow to decide the Stay Application without taking cognizance of Pre-Deposit which is pending in Misc. Appeal No.1021 of 2025 (M/s Shubh Mangalam Industries & Ors. Vs Union Bank of India). OR To issue an order or direction quashing the order dated 29.05.2025 & 25.06.2025 passed by the Debts Recovery Tribunal, Lucknow in Securitisation Application No. 390 of 2025 (M/s Shubh Mangalam Industries & Ors. Vs Union Bank of India) and direction be issued to the Debts Recovery Tribunal, Lucknow to decide the interim relief application in accordance with law. II) To issue an order or direction commanding the Debts Recovery Tribunal, Lucknow to consider and decide the Securitisation Application No.390 of 2025 (M/s Shubh Mangalam Industries & Ors. Vs Union Bank of India) within such stipulated period of time as may be prescribed by this Hon'ble Court with giving sufficient opportunity of hearing." 3. Considering the fact that the decision is to be taken by the DRAT, the present petition is disposed of directing the DRAT to pass orders on the application filed by the petitioners for consideration of Misc. Appeal No. 1021 of 2025 preferably, within a period of three weeks from today, in the light of the law as is being argued by the petitioners. The respondents would also be at liberty to argue the provisions of law as may be available to them. Order Date :- 1.7.2025 Shravan Digitally signed by :- SHRAVAN KUMAR High Court of Judicature at Allahabad, Lucknow Bench