Debts Recovery Tribunals and Appellate Tribunals
MS KARNAWATI ENTERPRISES vs CANARA BANK on 30 March 2026
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**IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT CHENNAI (ADDITIONAL CHARGE , DRAT-DELHI)**
**Misc. Application No. 05/2026**
**In**
**Appeal No. 41/2025**
**(Arising out of S.A. No. 328/2025 (DRT-II, Chandigarh))**
**Karnawati Enterprises vs. Canara Bank & Ors.**
**30/03/2026**
Ms. Reena Jain Malhotra, Ld. Counsel appeared for applicant through VC.
Mr. Hitesh Sacher, Ld. Counsel appeared for respondent bank through VC.
This matter has been taken up through Video Conferencing.
This is application is filed by the petitioner/applicant for refund of pre-deposit of Rs.43 lacs deposited at the time of filing Appeal No. 41/2025.
Ld. Counsel for respondent bank appeared and objected this application on the ground that petitioner/appellant has not paid any amount to the loan taken by it.
Pre-deposit amount is neither a secured debt nor security interest is created on this amount. There is no order of attachment under Section 13(10) of the SARFAESI Act, 2002, in the proceedings. This amount is liable to be refunded to the petitioner/applicant on the disposal of appeal. Therefore, DRAT, Registry is directed to refund the pre-deposit amount along with accrued interest, if any, to the petitioner/applicant.
The application is allowed.
File be consigned to record room.
Sd/-
**Chairperson DRAT, Chennai Additional Charge, DRAT, Delhi**
-N