Debts Recovery Tribunals and Appellate Tribunals
M/s Haji Abdulla Sha Trust vs INDIAN OVERSEAS BANK on 5 November 2026
Citations and Judicial Treatment
Cited by
0
Decisions in the index citing it
Cites
0
Decisions referred to
In this index
0
Of the decisions it cites
Overruled / Questioned
0
No negative treatment found
Loading the citing and cited decisions…
This judgment in the centre: on the left the decisions it cites, on the right the decisions citing it. Colour is the treatment; choose a decision to open it.
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
M.A(S.A):52/2026
M/s Haji Abdulla Sha Trust & 4 ors V/S Indian Overseas Bank 05/11/2026
Misc. Appln. 106/2026 (Refund) This application is filed for refund of pre-deposit amount of Rs.47,00,000/- along with accrued interest, if any. Learned Counsel for the Petitioners/Appellants submitted that the appeal in MA (SA) 52/2026 is disposed on 02.09.2026 and seeks refund of pre-deposit amount along with accrued interest. Despite service of notice to respondent, none appeared. Resolution of first petitioner-trust and consent of other petitioners have been filed for refund of the aforesaid amount in the name of the 2nd petitioner. 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. In such circumstances, this Misc. Application is allowed. Registry is directed to refund the pre-deposit, with accrued interest, if any, to the 2nd petitioner.
Sd/-
Chairperson