M/S. Cholamandalam Investment v. Mr.Biju Ks

Application No.1159 of 2017 DR.ANITA SUMANTH,J.

By order, dated 28.02.2017, this Court appointed Ms.Reshma Sobhana, Legal Executive of the applicant company as a Receiver, to seize and possess the vehicle in question.

2. Pursuant to the warrant of commission issued by this Court to seize the vehicle, it is today represented by the learned counsel appearing for the applicant that the asset has been seized and handed over to the applicant company by the Receiver. He would also confirm that proceedings for arbitration have been initiated and a letter of reference sent to the respondent. The statement is recorded.

3. Though the respondent has been served and his name appears in the cause list, none appears on his behalf.

4. In the above circumstances, nothing further survives in this application and the same stands closed. However, the vehicle shall not be

DR.ANITA SUMANTH,J.

vsm alienated/altered/encumbered by the applicant during the pendency of the proceedings for arbitration without obtaining suitable directions in this regard from the Arbitrator. Needless to say, as and when an award is passed, the parties shall be at liberty to proceed as per law. vsm 05.06.2017 Application No.1159 of 2017

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