Debts Recovery Tribunals and Appellate Tribunals
Ms Mita Pravinchandra Brahmbhatt @ Mita Rajesh Rathod vs INDIAN OVERSEAS BANK on 7 October 2026
BEFORE THE DEBTS RECOVERY
APPELLATE TRIBUNAL, AT: MUMBAI
Present: Justice Vivek Bharti Sharma, Chairperson M.A. No. 67/2026
Between
Mita Pravinchandra Brahmbhatt @ Mita Rajesh Rathod … Appellant/s
V/s.
Indian Overseas Bank
Through the Authorized Officer
…Respondent/s
-: Order dated: 07/10/2026: -
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1. Present as under: Ms. Pranjali Asubhe along with Ms. Neeta Pandit through VC. Ms. Harshada Darji, Counsel for Respondent through VC.
2. The Learned Counsel for the Appellant would submit that this is an application for the refund of the amount which was deposited by the Applicant as mandatory pre-deposit under section 18 of the SARFAESI Act.
3. The Learned Counsel for the Appellant would further submit that the Regular Appeal (Diary) No. 165/2026 was disposed of vide order dated 19.08.2026. She would further submit that the matter has been settled between the parties and she wants refund of pre-deposit amount directly to the Respondent Bank as per the settlement agreement arrived at between the parties.
4. Not objected to by the Counsel for the Respondent.
5. Accordingly, M.A. No. 67/2026 is allowed.
6. Registry is directed to refund the pre-deposit amount along with accrued interest, if any, directly to the Respondent Bank as prayed in the application.
7. All pending I.As., if any, stand dismissed. Sd/- Chairperson 07.10.2026
VKC-04