IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT CHENNAI Dated the 27th of April, 2026 Justice PRESENT: Hon’ble Mr. G. Chandrasekharan CHAIRPERSON RA (SA):46/2013 (SA 161/2012 on the file of DRT-III, Chennai)

BETWEEN The Authorised Officer ICICI Bank Ltd., ICICI Bank Towers- RMAG SP-24, South Phase, 4th Floor, West Wing, Ambattur Industrial Estate, Ambattur, Chennai – 600 058.

…..Appellant AND

1. A. Chittibabu S/o (Late) D. Aravamudhan Old No.5, New No.37, Sournambigai Street, Kodambakkam Chennai – 600024

2. C. Gopinath S/o A. Chittibabu Old No.5, New No.37, Sournambigai Street, Kodambakkam Chennai – 600024

3. M/s. Jakshan Rubbers P.O. Pulikkal, Malappuram District, Kerala.

4. C. Kunhi Moideen (since deceased)

Pattancherry House, Nallur P.O., Feroke, Calicut – 673631, Kerala.

4(a) Mr. Jhamshad, Pattanchery House, Nallur P.O, Feroke, Calicut-673631, Kerala.

5. D. Palani Chettiar S/o Dharmalinga Chettiar No.3/43, Vaniar Street, Senneer Kuppam, Poonamallee, Chennai 600 056 ….Respondents Counsel for Appellant : Mr. S. Suresh for M/s. T. Srinivasaraghavan & Associates Counsel for R1 & R2 : Mr. B. Thilak Narayanan for Mr/ K. Srinivasan ORDER

1. The Respondents 1 and 2 filed SA 161/2012 challenging the