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2025 DAILYLAW 686 (DEL)

GLOBAL GLASS TECHNOLOGIES PRIVATE LIMITED v. UNION BANK OF INDIA & ORS.

W.P.(C)/16160/2025 · 2026-04-07

Renu Bhatnagar, Vivek Chaudhary

Writ Petition (Civil)body2025

Judgment text

Extracted from the PDF above. The PDF is authoritative.

$~19 * IN THE HIGH COURT OF DELHI AT NEW DELHI + W.P.(C) 16160/2025 & CM APPL. 66126/2025 GLOBAL GLASS TECHNOLOGIES PRIVATE LIMITED .....Petitioner Through: Mr. Shubham Kulshreshtha, Mr. Satya Rath & Ms. Priyakshi Bhatnagar, Advs. with Petitioner in person. versus UNION BANK OF INDIA & ORS. .....Respondents Through: Mr. Samarendra Kumar, Ms. Nisha Singh, Mr. Nitin Singh, Mr. Soumya & Ms. Kajal, Advs. for R-1. Mr. Sanjiv Kalra, Sr. Adv. with Mr.Akash Madan, Adv. for R-5. CORAM: HON'BLE MR. JUSTICE VIVEK CHAUDHARY HON'BLE MS. JUSTICE RENU BHATNAGAR O R D E R % 07.04.2026 1. The present writ petition has been filed under Articles 226 and 227 of the Constitution of India, 1950, seeking to set aside of the Order dated 18.09.2025 passed by the learned Debts Recovery Appellate Tribunal, New Delhi (“DRAT”) in Regular Appeal bearing No. 22 of 2025, and for issuance of an appropriate writ in the nature of mandamus / certiorari or any other appropriate writ/order/direction, thereby waving off the pre-deposit amount entirety or, in the alternative, reducing the pre-deposit amount from 50% to 25% of the amount due. 2. Heard learned counsel for the petitioner. This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 10/04/2026 at 12:40:24 3. Learned Counsel for the petitioner submits that although he has deposited 25% of the total due amount till date, to show his bona fide, he is ready and willing to deposit a further amount of Rs.25,00,000/- before the DRAT within a period of four weeks. 4. In view thereof, the present writ petition is disposed of with permission to the petitioner to deposit a further sum of Rs.25,00,000/- before the learned DRAT within a period of four weeks from today. 5. In the event the aforesaid amount is deposited before the learned DRAT within the aforesaid period, the learned DRAT shall proceed to hear the appeal on merits and decide the same as expeditiously as possible, in accordance with law. 6. In the event of failure, without any further orders, the appeal before the learned DRAT, shall also stand dismissed. 7. The writ petition stands disposed of. 8. Pending application(s), if any, also stand disposed of. VIVEK CHAUDHARY, J RENU BHATNAGAR, J APRIL 7, 2026/pk/tr This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 10/04/2026 at 12:40:24