Debts Recovery Tribunals and Appellate Tribunals
m/s PRS HYGIENE LTD vs AXIS BANK LTD AND ORS on 23 October 2026
**DEBTS RECOVERY APPELLATE TRIBUNAL, DELHI**
**Misc. Application No.85/2021**
**Appeal No.338/2015**
**Arising out of OA No. 109/2012 (DRT-II, Delhi)**
**Item No.10**
**M/s PRS Hygiene Limited**
**V.**
**AXIS Bank and others**
**23.10.2026 Hon'ble Dr. Justice Sudhir Kumar Jain**
Present: Sh. NR Goyal, Advocate for applicant/respondent Sh. Nipun Sharma, Advocate for non-applicant/ appellant through VC
This matter is taken up through Hybrid hearing.
**Misc. Application No.85/2021.**
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1. 1. The applicant/AXIS Bank filed O.A. bearing no.109/2012 which was decided vide impugned order dated 09.03.2015. The non-applicant/ M/s PRS Hygiene Limited being aggrieved filed the present appeal bearing no.338/2015 which was ordered to be disposed of vide order dated 01.02.2016. It was decided that the applicant/AXIS Bank is entitled to cheque amount of Rs.25 lacs instead of the amount as allowed by DRT-II, Delhi vide impugned order dated 09.03.2015.
2. 2. The perusal of record reflects that the appellant/PRS Hygiene Limited also made a pre-deposit of Rs.10,20,000/- as detailed in the report of the Registry dated 15.07.2026.
3. 3. Sh. NR Goyal, Advocate for the applicant/AXIS Bank on instruction from Sh. Shivam Kumar, Deputy Manager and with the approval of Sh. Alok Kumar, the Branch Head, Main Branch, Barakhamba Road, stated that if the pre-deposit along with accrued interest is released in favour of the applicant/AXIS Bank then the outstanding against the appellant/M/s PRS Hygiene Limited shall stand satisfied.
4. 4. Sh. Nipun Sharma, Advocate on behalf of the appellant/non-applicant stated that the appellant does not have any objection if pre-deposit amount is transferred in favour of the applicant/AXIS Bank for settlement of pending dispute and if there is any surplus amount after adjusting the outstanding dues against the appellant/non-applicant, that amount shall be repaid to the appellant/non-applicant.
5. In view of the submissions made by the respective counsels, a sum of Rs.10,20,000/- deposited by the appellant/M/sPRS Hygiene Limited as pre-deposit is ordered to be released to the applicant/AXIS Bank along with accrued interest as per rules.
6. The Registry is directed to take necessary steps for release of pre-deposit amount as per rules and regulations and after proper verification. It is also made clear that if the accrued interest is more than the outstanding dues against the appellant then the surplus amount shall be released to the appellant. The counsel for applicant/respondent/AXIS Bank is directed to intimate to this Tribunal by way of affidavit whether there was any surplus outstanding dues or not after adjusting the entire outstanding dues including cost and etc.
7. Accordingly, the application stands disposed of.
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**(Dr. Justice Sudhir Kumar Jain)** **Chairperson**
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