MRS. MANJULA RANI GUPTA WIFE OF LATE SHRI I.R. GUPTA v. PUNJAB NATIONAL BANK
SAW/585/2022 · 2025-09-18
Avneesh Jhingan, Baljinder Singh Sandhu
body2025
DailyLaw.ai
[ 2025 DAILYLAW 39883 (RAJ) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 39883 (RAJ) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
[2025:RJ-JP:38274-DB] HIGH COURT OF JUDICATURE FOR RAJASTHAN BENCH AT JAIPUR D.B. Special Appeal Writ No. 585/2022
1. Mrs. Manjula Rani Gupta Wife Of Late Shri I.r. Gupta, Aged About 71 Years, Suspended Director Aesthetic Stone Arts India Pvt. Ltd. Resident Of Plot No. 9, Bais Godam, Behind Nehru Sahkar Bhawan, Jaipur.
2. Ms. Vasundhra Gupta D/o. Late Shri I.r. Gupta, Aged About 47 Years, Suspended Director Aesthetic Stone Arts India Pvt. Ltd. Resident Of Plot No. 9, Bais Godam, Behind Nehru Sahkar Bhawan, Jaipur ----Appellants Versus
1. Punjab National Bank, Through Its Zonal Manager, Shastra Division, Iii Floor, Nehru Palace, Tonk Road, Jaipur.
2. Committee Of Creditors Of M/s. Aesthetic Stone Arts India Pvt. Ltd., Through Zonal Manager, Shastra Division, Iii Floor, Nehru Palace, Tonk Road, Jaipur.
3. Mrs. Anuradha Gupta (Irp), Insolvency Professional, Fca, Disa (Ieai), B.a. (H). Maths E-194, Ambabari, Jaipur-
302039.
4. Mr. Vijendra Bangar (Rp), Fca, Acs, Disa, 103-A, Shyam Anukampa, O-11, Ashok Marg, C-Scheme, Jaipur-302001 ----Respondents For Appellant(s) : Mr. Sandeep Pathak For Respondent(s) : Mr. Vikas Jain with Mr. Shashnak Jain Mr. Vinod Pathak HON'BLE MR. JUSTICE AVNEESH JHINGAN HON'BLE MR. JUSTICE BALJINDER SINGH SANDHU
Order 18/09/2025
1.
Learned counsel for the appellant on instructions from the client present in Court as identified by the counsel is not pressing
[2025:RJ-JP:38274-DB] (2 of 2) [SAW-585/2022] this appeal with liberty to avail remedies before the Debts Recovery Tribunal (for short ‘ the tribunal’).
2. The prayer is that the appeal is pending since 2022 and vide
order dated 04.07.2022 dispossession of the appellant was stayed. It is contended that limitation for approaching the tribunal be condoned and the interim order be continued.
3. The appeal is disposed of as not pressed with liberty as prayed for.
4. In the eventuality of the appellant approaching the tribunal within fifteen days from today, the appeal shall be considered by the tribunal in accordance with law.
5. As per the pleadings, the appellant has a single dwelling house which is in dispute with the bank. The interim protection granted in this appeal is continuing till date and the same shall continue till four weeks from today or when the stay application is taken by the tribunal, whichever is earlier.
(BALJINDER SINGH SANDHU),J (AVNEESH JHINGAN),J Riya/21