Debts Recovery Tribunals and Appellate Tribunals
M/s Lucky Footwear Components vs INDIAN BANK on 10 November 2026
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
R.A(S.A):55/2023
Lucky Footwear Components & Ors Vs A.O., Indian Bank And Ors 10/11/2026
Misc. Application 103/2026 (Pre-deposit Refund):
Learned Counsel for Petitioners/Appellants present.
This application is filed for refund of pre-deposit, along with accrued interest, if any.
Despite service of notice to R1 and R2, there is no representation. Therefore, this Tribunal proceeds to dispose this pre-deposit refund application.
Learned Counsel for the Petitioner submitted that the appeal in RA (SA) 55 of 2023 was dismissed on 26.9.2025 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.
In view of this, Misc. Application No.103 of 2026 Pre-deposit Refund) is allowed.
Registry is directed to refund the pre-deposit, with accrued interest, if any, to the Petitioners, as requested in the pre-deposit refund application.
Sd/-
Chairperson