1. By way of this petition under Article 226 of the
Constitution of India, the petitioners have approached this
Court challenging, inter alia, the order dated 2.2.2024 passed
in Case bearing Diary No.1000 of 2022 by the learned Debt
Recovery Tribunal-I, Ahmedabad (for short ‘the Tribunal’), by
which the application preferred by the petitioners for
condonation of delay of 15 days came to be rejected mainly on
the ground that in view of the provisions of Section 17 of the
Securitisation and Reconstruction of Financial Assets and
Enforcement of Security Interest Act, 2002 (for short ‘the
SARFAESI Act’), the power to condone the delay is not
available with the Tribunal.