Tata Motors Finance Limited v. Nallapaneni Nageshwara Rao And ANR.

4-CRR51-17.DOC Shephali

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION COURT RECEIVER'S REPORT NO. 51 OF 2017 IN ARBITRATION PETITION NO. 1363 OF 2014 Tata Mortors Finance Ltd

...Petitioner

Versus

Nallapaneni Nageshwara Rao & Anr

...Respondents

Mrs Radhika, i/b Wadia Ghandy & Co., for the Petitioner. Mr Rupesh Lanjekar, i/b Aashish Dubey, for Mohd Taquiddin.

Mr Prashant D Patil, for the Respondent.

Mrs Kavita Ambekar, Ist Assistant to the Court Receiver is present.

CORAM: G.S. PATEL, J DATED:

20th March 2017 PC:- 1.

Mr Taquiddin is the successful bidder of eight hypothecated assets. The Court Receiver's Report seeks directions for delivering possession of these assets. It also seeks directions in respect of two vehicles parked at Rohtak, Delhi and for which no offer has been received. These are a tractor-trailer unit (two assets). 2.

The Court Receiver will proceed to advertise these two assets for sale on the usual terms.

20th March 2017

4-CRR51-17.DOC 3.

There will also be an order in terms of prayer clauses (a) and (c).

4.

The Court Receiver's Report is disposed of in these terms. (G. S. PATEL, J.) 20th March 2017