Kumbakonam Mutual Benefit Fund Nidhi Limited v. Uma S

ORDER This application has been filed seeking to modify the order dated

16.02.2026 passed in Application No.166 of 2024 in Application No.16 of 2024 in I.P.No.11 of 2019, wherein the applicants were directed to release the deposits standing in the name of the respondent.

¶2Heard Mr.Adarsh Subramanian, learned counsel appearing for the applicants.

¶3The present application seeking for modification has been filed only on the ground that the applicants happen to be close relative of the delinquent. Even when the earlier order was passed on 16.02.2026, this Court had expressed Page5 of 6 its view to the effect that just because the respondent happens to be a close relative, unless there is any material to show their involvement in the commission of the crime, the amount cannot be permitted to be retained only on the basis of suspicion.

¶4In view of the above, the modification sought for by the applicants cannot be granted by this Court and accordingly this application stands closed. 01-07-2026 (1/10) Index: Yes/No Speaking/Non-speaking order SSI To:

¶1The Reserve Bank of India Chennai

¶2The Secretary to Government Registration and Commercial Taxes Department, Secretariat, Fort St. George, Chennai - 600 009.

¶3The Inspector General of Registration Santhome High Road, Chennai - 4 APPLNoNo.o86oofo2026 N.ANANDoVENKATESH,oJ. SSI APPLNoNo.o86oofo2026 IN IPoNO.o11oOFo2019 01-07-2026 (1/10) Page6oofo6

Page1 of 6 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 01-07-2026 CORAM THE HON'BLE MR JUSTICE N. ANAND VENKATESH IN IP NO. 11 OF 2019 1. Kumbakonam Mutual Benefit Fund Nidhi Limited, Dharmaraja Koil Street, Saidapet, Opposite to VGP Office, Chennai-600 015. Rep.by Sridhar 2. Kumbakonam Mutual Benefit Fund Nidhi Limited, No.1, Nachiyappan Street, Mylapore, Chennai-600 004. Rep.by Umashankar 3. Kumbakonam Mutual Benefit Fund Nidhi Limited, No.10, Doraisamy Road, T.Nagar Branch, Chennai-600 017. Rep. by Mr.G.Mahendran ..Applicant(s) Vs Uma S. W/o.K.Swaminathan, V.G.K.Divine Light, F5 First Floor, D.No.21, M.C.Nagar Main Road, Chittlapakka, Chennai-600 064. ..Respondent(s) IP No. 11 of 2019 SYED HIFZUR RAHMAN BIYABANI S/o.Syed Ataul Rahman Biyabani, Res.At 49/10, Easwaran Koil Street, West Mambalam, Chennai 600 033. Appellant(s) Vs Page2 of 6 1. South Indian Bank Ashok Nagar Branch, Ashok Nagar, Chennai - 600 037. 2. Muthoot Mini Finance West Mambalam Branch, West Mambalam, Chennai - 600 033. 3. Muthoot Finance Mandaveli Branch, Mandaveli, Chennai - 600 028. 4. Muthoot Finance T. Nagar Branch, T. Nagar, Chennai - 600 017. 5. Muthoot Finance Mettupalayam Branch, Mettupalayam, Chennai - 600 033. 6. FED Bank Financial Services Limited No.88, Govindan Road, West Mambalam, Chennai - 600 033. 7. India Infoline Finance Limited Near VGP Office, Jones Road, Saidapet, Chennai - 600 015. 8. C. P. Jain Pawn Broker, No.21/6, South Usman Road, Hotel Aruna Building, T. Nagar, Chennai - 600 017. 9. Kumbakonam Mutual Benefit Fund Dharmaraja Koil Street, Saidapet, Opp to VGP Office, Chennai - 600 015. 10.Kumbakonam Mutual Benefit Fund No.1, Nachiyappan Street, Mylapore, Chennai - 600 004. 11.Asha Jain Gold Loan Old No.2 /New No.3, North Road Nandhi Page3 of 6 Statue, West CIT Nagar, Nandanam, Chennai - 600 035. [R1 to R11 are suo-motu impleaded as respondents in the Insolvency Petition as per order of this Court dated 19.11.2019] 12.The Reserve Bank of India Chennai. [R12 suo-motu impleaded as respondent in the Insolvency Petition as per order of this Court dated 25.11.2019] 13.The Secretary to Government Registration and Commercial Taxes Department, Secretariat, Fort St. George, Chennai - 600 009. 14.The Inspector General of Registration Santhome High Road, Chennai - 4 15.Gokulam Chit and Finance Co Private Ltd. No.66, Arcot Road, Kodambakkam, Chennai - 600 024. 16.Catholic and Syrian Bank Ltd., P.B.No.1812, No.3, Dass India Towers, Second Lane Beach, Parrys, Chennai - 600 001. [R13 to R16 are impleaded as per order dated 22.12.2020] 17.Kumbakonam Mutual Fund T. Nagar Branch Catholic Syrian Bank Kodambakkam Branch 18.The Managing Director Manapuram Gold Finance, Door No.37146 A2, 1st Floor, Kallor, Giri Nagar Main Road, Opposite Volga Tourist Home, Giri Nagar, Kadavanthra, Kochi, Kerala - 682 020. [R17 to R19 are suo-motu impleaded as per order of this Court dated 19.02.2021] Page4 of 6 19.Catholic and Syrian Bank Limited Royapettah Branch [R20 suo-motu impleaded as per order of this Court dated 12.03.2021] Respondent(s) PRAYER: To modify the order dated 16.02.2026 passed in Appln.No.166 of 2024 in Appln.No.16 of 2024 in I.P.No.11 of 2019 to the effect that the Applicants are permitted to continue to withhold the deposits standing in the name of the Respondent who is the wife of a delinquent employee of the Applicants, pending further orders of this Honble Court. For Applicant(s): Mr.Adarsh Subramanian