Cholamandalam Investment And Finance Co. Ltd v. Nagjibhai Chhaganbhai Koli

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 18/8/2020 C O R A M THE HON'BLE MR.JUSTICE N.SATHISH KUMAR Application No.215 of 2019 Cholamandalam Investment and Finance Company Limited rep. By its Authorised Signatory Date House, No.2 NSC Bose Road Parrys Chennai 600 001.

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Applicant Vs

1. Nagajibhai Chhaganbhai Koli

2. Verasi Chhagan Koli ...

Respondents Application filed under XIV Rule 8 of Original Side Rules, 1956 r/w. Section 9 (ii) (b) of the Arbitration and Conciliation Act, 1996. For applicant ...

Mr.D.Pradeep Kumar - - - - - -

O R D E R

This application has been filed to direct the respondents to direct the respondents to furnish security for a sum of Rs.4,21,786/-, failing

which to pass an order of attachment of the immovable properties described in the Schedule to the Judges Summons pending initiation and disposal of arbitration proceedings between the applicant and the respondent and till enforcement of the award that may be ultimately passed in the arbitration proceedings and a copy of the attachment order be transmitted through the District Court, Bhuj, Gujarat and the attachment order may be hand delivered to the applicant for transmission.

2. Today, when the matter is taken up for hearing, Mr.D.Pradeep Kumar, learned counsel appearing for the applicant submitted that vehicle has already been seized and sold and award is also passed in the year 2018.

3. In such a view of the matter, instant Application is closed. It is open for the applicant to enforce the award as per law. 18/8/2020 mvs.

N.SATHISH KUMAR,J mvs.

Application No.215 of 2019 18/8/2020