Debts Recovery Tribunals and Appellate Tribunals
THIRUGNANAM vs FIVE STAR BUSINESS FINANCE LIMITED on 11 September 2026
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
IA 674/2026 (Waiver) in A.IR:954/2026
Thirugnanam & 2 ors V/S M/s Five - star Business Ltd 11/09/2026
Learned Counsel for both sides are present.
When the matter is taken up, it is informed by the Learned Counsel for the Petitioners that the Hon’ble High Court of Judicature at Madras, vide its order dated 14.8.2026 in WP No.22983 of 2026, has partially modified this Tribunal’s order dated 27.5.2026 in the waiver application in IA 674 of 2026 in Appeal AIR No. 954 of 2026. In the said order, the Hon’ble High Court of Judicature at Madras directed the Petitioners to make a pre-deposit of 25% of Rs.37,17,800/- claimed as the amount due in the demand notice.
Learned Counsel for the Petitioners further submitted that as ordered by the Hon’ble High Court of Judicature at Madras, the Petitioners have complied with the pre- deposit. Consequently, this Appeal is already numbered as MA (SA) 91 of 2026.
Post the Appeal on 16.9.2026 for final hearing.
Sd/-
Chairperson