Madras High CourtOA/48/2019closed

Sameera Foundations Pvt Ltd v. Muktha Foundations Pvt Ltd, Rep.By Its Director Mr.K.N.Sanjay

2020-07-16Honourable Mr Justice N. Sathish Kumar3 pages

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IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 16.07.2020 CORAM :

THE HONOURABLE MR. JUSTICE N.SATHISH KUMAR O.A.No.48 of 2019 and A.No.345 of 2019 M/s.Sameera Foundations Priuvate Limited Represented by its Authorised Signatory Mr.B. Thiruselvam No.47, Anna Salai, Chennai-600 002.

.. Applicant in both applications Vs.

1. M/s.Muktha Foundations Private Limited Rep. by its Director Mr.K.N.Sanjay, Door No.2/296B, DRR Avenue, behind AUDCO Nagar, Kattupakkam Chennai-56.

2. K.N.Sanjay,Director Muktha Foundations Private Limited Door No.2/296B, DRR Avenue, behind AUDCO Nagar, Kattupakkam, Chennai-56.

3. Hitesh G Shah, Director Muktha Foundations Private Limited, Door No.2/296B, DRR Avenue, behind AUDCO Nagar, Kattupakkam Chennai-56.

.. Respondents in both applications

/ 2 / O.A.No.48 of 2019:

PRAYER: This application is filed under Order XIV Rule 8 of OS Rules r/w Sec.9 Arbitration and Conciliation Act 1996, praying to direct the Respondent not to alienate the schedule mentioned property till the recovery of the entire outstanding.

A.345 of 2019:

This application praying that this Hon'ble court be pleased to order the respondents to furnish security to the tune of Rs.14,25,00,00/-(Rupees Fourteen Crores Twenty Five Laksh Only) as on 21.12.2018 failing which order the attachment of the Schedule properties or pass any other order as this Hon'ble Court.

For Applicant : Mr.S.Namasivayam For Ms.R.Balambigai Gowri

O R D E R

The learned counsel for the applicant submitted that an award has already been passed.

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2. Such view of the matter, this application is closed. However, it is for the applicant to work out his remedy and enforce the award as per law before the executing Court. Consequently, connected application is closed. Sd/.N.S.K.J.

16.07.2020 //Certified to be a true copy// Dated this the day of 2020. SU/28.09.2020 COURT OFFICER(O.S.) From 25.09.2008 the Registry is issuing certified copies of the Order/Judgment Decree in this format.