Debts Recovery Tribunals and Appellate Tribunals
The Auro Clothing vs FEDERAL BANK on 22 October 2026
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
Dated the 22nd Day of October, 2026
PRESENT: HON'BLE MR. JUSTICE G. Chandrasekharan CHAIRPERSON
AIR (SA) 2206/2026 & IA1591/2026
(Arising out of S.A.No.181/2011 on the file of DRT, Coimbatore)
Between
M/s. The Auro Clothing,
Rep. by its Partners
1) S.M. Abarna
2) G. SenthilMurugan,
4/60 Palladam Road,
Veerapandi Post,
Tiruppur 641 605.
… Appellant
And
1. The Authorised Officer,
The Federal Bank Ltd.,
Tiruppur Industrial Finance Branch,
132A, Mangalam Road,
Tiruppur 641 604.
2. M/s. Asset Reconstruction Company India Limited, Rep. by its Authorised Officer, The Ruby, 10th Floor, 29 Senapati Bapat Marg, Dadar (West), Mumbai 400 028.
Branch at 715/C, 7th Floor, Spencer Plaza, Phase-II, 769 Anna Salai, Chennai 600 002.
…Respondents
Counsel for Appellant
: M/s. Gunasri M.P.
Counsel for Respondents
: ----
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ORDER
Memo is filed for withdrawal of this appeal in view of the settlement arrived between the parties.
2. Learned counsel for the appellant submits that the application for refund of pre-deposit is filed in IA 1591/2026 and the same may also be granted.
3. No representation for the respondents.
4. In view of the memo filed for withdrawal of this appeal on the ground of settlement out of this Tribunal, the appeal is dismissed as withdrawn. Parties shall bear their own costs. Pending IAs, if any shall stand closed.
5. Registry is directed to refund the pre-deposit if any made at the time of filing of the appeal to the petitioner/appellant with accrued interest if any.
Sd/- [Justice G. Chandrasekharan] CHAIRPERSON ra