Debts Recovery Tribunals and Appellate Tribunals
GOVINDANKUTTY E P AND 5 ORS vs THE SOUTH INDIAN BANK LTD on 10 November 2026
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
M.A(S.A):16/2026
Govindankutty E P & 5 ors V/S South Indian Bank Ltd & 2 ors 10/11/2026
Misc. Application 104/2026 (Pre-deposit Refund)
Learned Counsel for Petitioner Bank is present.
This application is filed for refund of pre-deposit by the Petitioner Bank.
The pre-deposit has been made in Appeal MA (SA)16 of 2026 filed against the order passed in IA No.3552 of 2025 in SA No.515 of 2025 on the file of DRT-I, Kerala at Ernakulam by the Respondents. MA (SA) 16 of 2026 has been disposed on 16.4.2026. The Respondents filed writ petition against this Tribunal’s order dated 16.4.2026 in WP(C) No. 15832 of 2026 before the Hon’ble High Court of Kerala at Ernakulam. The Hon’ble High Court of Kerala at Ernakulam passed an order on 31.7.2026 in the said writ petition directing the DRT-I, Kerala at Ernakulam to dispose SA No.515 of 2025 on merits. In the said order, there is also a direction to this Tribunal to release the pre-deposit amount, along with interest, to the Respondent Bank i.e., the Petitioner herein, and with further direction to credit this amount to the loan account of the Respondents. Accordingly, this application is filed.
Learned Counsel for Petitioner Bank submits that notice has been given to the Respondents about the filing of this application. Learned Counsel for Petitioner Bank also submits that a mail has been sent to the Respondents informing about listing of this matter today and a reply was received by the Petitioner Bank that the Learned Counsel for the Respondents will be present today. Thus, proper service of notice has been proved, still no body appeared for the Respondents.
In view of the directions of the Hon’ble High Court of Kerala at Ernakulam, Misc. Application 104 of 2026 (Pre-deposit Refund) is allowed, and Registry, DRAT, Chennai is ordered to refund the pre-deposit amount, along with accrued interest, if any, to the Petitioner Bank for crediting this amount to the loan account of the Respondents by the Petitioner Bank.
Sd/-
Chairperson