Smfg India Credit Company Limited Rep By Its Authorised Signatory Mr Karthick Chakkarvarthi v. Madasamy M

C.SARAVANAN, J.

The relief for which the application was filed has been achieved. The vehicle has been repossessed and safe custody has been handed over to the applicant by the learned Advocate Commissioner. The learned Advocate Commissioner appointed by this Court vide order dated 12.01.2024 has also filed a report dated 12.02.2024. Same is taken on record.

2. The learned Advocate Commissioner sought for an additional remuneration for the work undertaken by her. The learned Advocate Commissioner was initially paid a remuneration of Rs.25,000/-. The applicant is directed to pay additional remuneration of Rs.25,000/- to the learned Advocate Commissioner.

3. The applicant is directed to invoke the arbitration clause and commence the same within a period of 90 days from the date of receipt 1/3

of a copy of this order. In case, if there is any default, the vehicle shall be returned forthwith to the respondent and possession of the vehicle thereafter without further orders of the arbitral Tribunal shall be illegal. The applicant shall not dispose or transfer or alienated the seized vehicle without further orders of the Arbitral Tribunal.

4. This Arbitration Application stands closed with the above observations.

12.02.2024 jas 2/3

C.SARAVANAN, J.

jas 12.02.2024 3/3