Debts Recovery Tribunals and Appellate Tribunals
E CAROLIN PRABHA vs INDIAN BANK on 3 September 2026
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
R.A(S.A):12/2018
Mrs. E.Carolin Prabha V/S A.O., Indian Bank & Ors 03/09/2026
Learned Counsel for the Appellant and R2 to R4 are present.
This application is filed for refund of pre-deposit.
It is the submission of the Learned Counsel for Appellant that when filing RA (SA) 12 of 2018, Appellant made a pre-deposit of Rs.26.00 lakhs. The appeal has been allowed by this Tribunal vide its order dated 27.3.2026 and, thus, this application is filed for refund of pre-deposit.
Despite personal service of notice to the 1st Respondent Bank, there is no appearance.
The pre-deposit amount is neither a secured debt nor a security interest is created. There is no order of attachment under Section 13(10) of the SARFAESI Act against this amount. Therefore, the Petitioner is entitled for this refund of pre-deposit, along with accrued interest if any.
Learned Counsel for R2 to R4 has no objection for refund of pre-deposit.
In view of this, Misc. Application No.89/2026 in RA (SA) 12 of 2018, filed for refund of pre-deposit, is allowed.
Registry is directed to refund the pre-deposit, along with accrued interest, if any, to the Petitioner.
Sd/-
Chairperson