JUDGMENT

This appeal is filed by one R.J.Ilango, who is not a party in the original application in O.A.No.7 of 2022 on the file of Special Court under the Tamil Nadu Protection of Interest of Depositors (In Financial Establishment) Act 1997, Madurai (in short referred as TNPID Court), but subsequently impleaded himself in the said O.A. The present Civil Miscellaneous Appeal is filed by the said third party.

2. The two accused namely Blessing Agro Farm India Ltd., and its Managing Director I.L.Joseph Jeyaraj are the petitioners in the said O.A.No.7 of

2022 inter alia praying to release the property stated in the petition and in lieu of the same and had stated that he is ready and willing to deposit the security amount. Accepting the contention of the accused, the TNPID Court has fixed the value of the property as Rs.1,80,60,000/- (Rupees One Crore Eighty Lakh and Sixty Thousand only) as security. One Vijayaraman, who is the 5th respondent herein had deposited the said amount and sale deed is executed in his name. Aggrieved over the said order, the present Civil Miscellaneous Appeal is filed by the 3rd party, R.J.Illango.

3. The brief facts of the case as stated in the affidavit filed b