Debts Recovery Tribunals and Appellate Tribunals
ESTHER BEULA vs CENTRAL BANK OF INDIA on 16 September 2026
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
R.A(S.A):62/2023
Esther Beula V/S A.O., Central Bank Of India 16/09/2026
Order pronounced (vide separate order) in open court. The action of the Respondent in forfeiting the EMD amount is set aside. The Respondent Bank is directed to refund the EMD amount of Rs.37,50,000/- along with interest at the rate of 6% per annum (simple) from the date of payment till the date of re-payment, to the Appellant. The order passed by the Learned Presiding Officer, DRT-II, Chennai, in TSA No. 139/2023 on 28.07.2023, is set aside. Consequently, the TSA No. 139/2023 and the Appeal in RA (SA) 62/2023 are allowed. Both the parties shall bear their own costs. All pending IAs, if any, stand closed.
Sd/-
Chairperson