M/S Cholamandalam Investment And Finance Co., Ltd v. Mr.Dinesh G.S

A.No.250 of 2021 N.SATHISH KUMAR, J This application has been filed to direct the respondent to furnish security for the sum of Rs.6,54,405.19, 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 Judges Summons pending initiation and disposal of arbitration proceedings between the applicant and 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 Sub-Court, Kuzhithurai, Kanyakumari District and the attachment order may be hand delivered to the applicant for transmission.

2. This Court by an Order dated 3/3/2021, had directed the respondent to furnish security. Despite the same, the respondent has not furnished security. Hence, the applicant seeks for an Order of attachment of the property of the respondent.

3. In view of the same, there shall be an interim Order of attachment as against the respondent. In the meanwhile, the applicant shall initiate arbitration proceedings within three months, failing which, the interim Order granted by this Court stands automatically vacated. The registry is directed to intimate the Order of https://www.mhc.tn.gov.in/judis/ attachment to the concerned Registrar.

N.SATHISH KUMAR, J mvs.

4. With the above observation, this application is closed. 21/6/2021 mvs.

A.No.250 of 2021 https://www.mhc.tn.gov.in/judis/