Kumbakonam Mutual Benefit Fund Nidhi Limited v. Uma S

ORDER This application has been filed seeking modification of the order dated

16.02.2026 made in Application No.166 of 2024 in Application No.16 of 2024 in I.P.No.11 of 2019.

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

¶3The main ground on which this modification petition has been filed is that, while this Court directed KMBF to release the deposits of the respondent, a further direction was issued to release the locker deposit also, which stands in the name of the respondent. It is submitted that if the locker has to be operated, the locker deposit has to be maintained and that cannot be released by the applicants.

¶4Per contra, the learned counsel for the respondent submitted that the respondent is not interested in operating the locker and they want to close the locker and therefore, the inventory can be taken from the locker and the amount standing in the locker deposit can also be released to the respondent.

¶5In reply to the above submission, the learned counsel for the applicants submitted that already the connected cases have been listed before the portfolio Judge and steps are being taken for the appointment of an Advocate Page3 of 4 Commissioner to take inventory from the lockers. Hence, if the respondent does not want to operate the locker and wants to close the locker deposit, an application can be moved before the portfolio Judge.

¶6In the considered view of this Court, the earlier order passed confined itself only to the deposits maintained by KMBF pertaining to the respondent. Insofar as the locker deposit is concerned, till the locker is operated, this deposit has to be maintained. If the respondent does not want to operate the locker, an appropriate application has to be moved before the portfolio Judge seeking for an appropriate direction. As and when any such application is moved, it is left open to KMBF to raise their objection.

¶7In the light of the above discussion, it is clarified that the direction issued to KMBF to release the deposits does not include the locker deposits standing in the name of the respondent. The observations made in this order will sufficiently take care of the interest of both parties.

¶8This application is disposed of with the above terms. 01-07-2026 (5/10) Index: Yes/No Speaking/Non-speaking order SSI APPLNoNo.o85oofo2026 N.ANANDoVENKATESH,oJ. SSI APPLNoNo.o85oofo2026 01-07-2026 (5/10) Page4oofo4

Page1 of 4 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) 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 locker deposit standing in the name of the Respondent may be withheld by the Applicants so long as the locker continues to remain unoperated pursuant to the directions of this Hon'ble Court. For Applicant(s): Mr.Adarsh Subramanian Page2 of 4