APPLN No. 93 of 2026 __________ Page1 of 6 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 01-07-2026 CORAM THE HON'BLE MR JUSTICE N. ANAND VENKATESH APPLN No. 93 of 2026 IN IP NO. 11 OF 2019 1. Kumbakonam Mutual Benefit Fund Nidhi Limited, Dharmaraja Koil street, Saidapet, Opp to VGP Office, Chennai - 600 015. Rep. by Srithar. 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 Sampath Srinivasan S/o.A.S.Thasiyar, 23/11, VVA Crescent Apartments, Dr.P.V.Cherian Road, Egmore, Chennai-600 008. ..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 1. South Indian Bank Ashok Nagar Branch, Ashok Nagar, Chennai - 600 037. https://www.mhc.tn.gov.in/judis APPLN No. 93 of 2026 __________ Page2 of 6 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 Statue, West CIT Nagar, Nandanam, Chennai - 600 035. 12.The Reserve Bank of India Chennai https://www.mhc.tn.gov.in/judis APPLN No. 93 of 2026 __________ Page3 of 6 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. 17.Kumbakonam Mutual Fund T. Nagar Branch 18.Catholic Syrian Bank Kodambakkam Branch 19.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. 20.Catholic and Syrian Bank Limited Royapettah Branch. Respondent(s) PRAYER: To modify the order dated 16.02.2026 passed in Appln.No.158 of 2024 in Appln.No.16 of 2024 in I.P.No.11 of 2019 to the effect that the direction for release of deposits shall apply only to deposits held exclusively in the name of the Respondent and does not apply to deposits maintained in joint accounts with one of the Respondent and does not apply to deposits maintained in joint accounts with one R.Vijaya. https://www.mhc.tn.gov.in/judis APPLN No. 93 of 2026 __________ Page4 of 6 For Applicant(s): Mr.Adarsh Subramanian ORDER This application has been filed seeking to modify the order dated 16.02.2026 made in Application No.158 of 2024 in Application No.16 of 2024 in I.P.No.11 of 2019. 2. Heard Mr.Adarsh Subramanian, learned counsel appearing for the applicants. 3. This Court while passing the order in Application No.158 of 2024, directed the applicants to release the deposits held in the name of the respondent. The present application has been filed on the ground that there are certain deposits which are maintained in the joint account of the respondent and one of the delinquents. Therefore, the application seeking for clarification as to whether the order passed by this Court on 16.02.2026 will apply even to those joint accounts held along with the delinquent. 4. When the order was passed by this Court on 16.02.2026, this Court took into consideration individual cases where the concerned applicant had nothing to do with the alleged commission of offence and accordingly, directed https://www.mhc.tn.gov.in/judis APPLN No. 93 of 2026 __________ Page5 of 6 KMBF to release the deposit. Therefore, the order passed by this Court on 16.02.2026 confined itself only to those deposits exclusively standing in the name of the concerned respondent and will not apply where a joint account is maintained by the respondent along with one of the delinquents. This clarification will sufficiently take care of the grievance expressed by the applicant. 5. This petition is disposed of with the above terms. 01-07-2026 (4/10) Index: Yes/No Speaking/Non-speaking order Neutral Citation: Yes/No SSI To: 1. The Reserve Bank of India Chennai 2. The Secretary to Government Registration and Commercial Taxes Department, Secretariat, Fort St. George, Chennai - 600 009. 3. The Inspector General of Registration Santhome High Road, Chennai - 4 https://www.mhc.tn.gov.in/judis APPLN No. 93 of 2026 __________ Page6 of 6 N.ANAND VENKATESH, J. SSI APPLN No. 93 of 2026 IN IP NO. 11 OF 2019 01-07-2026 (4/10) https://www.mhc.tn.gov.in/judis