S ARUMUGAM vs Muthoot Home Fin ( India ) limited on 30 October 2026

IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI

IA 1620/2026 (Urgent) in IA 1621/2026 (Waiver) in A.IR:3087/2026

S Arumugam V/S Muthoot Home Fin (India ) limited 30/10/2026

Considering the reasons stated in the affidavit filed in support of the application, this urgent application is allowed. IA 1621/2026 (Waiver) Learned counsel for the petitioner submitted that the respondent-financial institution may take physical possession of the secured asset if not protected by this Tribunal. Learned counsel for the respondent seeks time to file counter. In view of the fact that the learned counsel for the respondent seeks time to file counter, this Tribunal directs the parties to maintain Status Quo, as on today, till the disposal of the waiver application. Post the matter on 11.11.2026. Sd/-

Chairperson