Madras High CourtA/514/2019withdrawn dismissed

Cholamandalam Investment And Finance Company Ltd v. Mr.Mukundbhai Babubhai Barvaliya

2019-10-25Honourable Mrs Justice Pushpa Sathyanarayana2 pages

/ 1 /

IN THE HIGH COURT OF JUDICATURE AT MADRAS

(ORDINARY ORIGINAL CIVIL JURISDICTION) FRIDAY, THE 25TH DAY OF OCTOBER 2019 THE HON'BLE MRS. JUSTICE PUSHPA SATHYANARAYANA A. No.514 of 2019 In the matter of Arbitration and Conciliation Act, 1996 and In the matter of Disputes between M/s.Cholamandalam Investment and Finance Company Ltd.

And Mr.Mukundbhai Babubhai Barvaliya Arising under Loan Agreement No.XVFPSRT00001769533 Dated 31.08.2016.

M/s.CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD., Dare House,No.2, N.S.C.Bose Road, Parrys, Chennai-600001.

Represented by its Authorised Signatory ..Applicant -vsMR.MUKUNDBHAI BABUBHAI BARVALIYA, S/o.Babubhai Barvaliya, A-58, NARAYAN NAGAR, SOC PUNAGAM, VARCHHA ,SURAT, GUJARAT 394 211.

..RESPONDENT Application praying that this Hon'ble Court be pleased to direct the Respondent to furnish security for the sum of Rs.7,65,062.97/- within a time fixed by this Hon'ble Court failing which to order attachment of the immovable properties morefully described in the schedule to the Judge's 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 https://hcservices.ecourts.gov.in/hcservices/ COURT, SURAT, GUJARAT and the attachment order may be hand delivered to the applicant for transmission.

/ 2 / This Application coming on this day before this court for hearing the court made the following order: Learned counsel appearing for the applicant seeks permission of this Court to withdraw this application. He has also made an endorsement in the application to that effect.

2. In view of the submission and endorsement made by the learned counsel for the applicant, this application is dismissed as withdrawn.

Sd/.P.S.N.J.

25.10.2019 //Certified to be a true copy// Dated this the day of 2019.

SU/31.10.2019 COURT OFFICER From 25.09.2008 the Registry is issuing certified copies of the Order/Judgment Decree in this format.

https://hcservices.ecourts.gov.in/hcservices/