Debts Recovery Tribunals and Appellate Tribunals
M/s S.G Steel Industries Rep by its Partners Mr.V. Govindkumar and Mrs.M.V.Lavanya vs ICICI BANK LIMITED on 26 October 2026
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Misc Appl 94/2026 (Waiver) in M.A(S.A):83/2026
M/s S.G Steel Industries V/S ICICI BANK LIMITED
26/10/2026
This application is filed for refund of pre-deposit, along with accrued interest, if any.
Learned Counsel for the Petitioner submitted that the appeal MA (SA) 83 of 2026 is disposed of on 18.8.2026 and seeks refund of pre-deposit.
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.
The other side has no objection to this application.
In view of this, Miscellaneous Application No.94 of 2026 is allowed.
Registry is directed to refund the pre-deposit, with accrued interest, if any, to the 1st Appellant Company, namely, S G Steel Industries, as requested in the pre-deposit refund application.
Sd/-
Chairperson