ORDER

(Order of the Court was made by J.NISHA BANU, J.)

Seeking for the refund of the amount deposited before the Special Court, Mumbai by the petitioners's father late Vallal RCK, the petitioners have filed the present writ petition before this Court.

2. The brief facts that are necessary for the disposal of the case are as under:-

2.1. The petitioners herein are the legal heirs of late Vallal RCK alias Chinnakannan. Initially, the said late Vallal RCK purchased a property measuring 10.66 acres of vacant land in Koluthuvancheri Village, Kanchipuram District (Sl.No.1 property) for a sale consideration of Rs.32.34 crores vide four sale deeds dated 10.04.2013. He also purchased 17.48 acres of vacant land in Koluthuvancheri Village, Kanchipuram District (Sl.No.3 property) vide nine sale deeds that were registered on 14.08.2013 and 04.09.2013. Thereafter, M/s Hi Tech Housing Projects Pvt.Ltd. obtained a mortgage loan of Rs.50 crores from M/s. Industrial Finance Corporation of India (hereinafter referred to as 'IFCI'), for which the said late Vallal RCK mortgaged the aforesaid Sl.No.3 property as collateral security.

2.2. The third respondent herein, is a non-banking financial company.

On 20.