Cholamandalam Investment And Finance Co Ltd v. Jakkala Srikanth

Arb Appln No. 44 of 2026

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 24-02-2026

CORAM

THE HON'BLE MR JUSTICE N. ANAND VENKATESH Arb Appln No. 44 of 2026 Cholamandalam Investment And Finance Co Ltd Chola Crest, C 54 and 55, Super B-4, Thiru Vi Ka Industrial Estate, Guindy, Chennai - 600 032. Represented by its Authorised Signatory.

..Petitioner(s) Vs Jakkala Srikanth S/o. J. Ravikumar, Battuvaripalli, Sodam, Near Temple, Madanapalle, Chittoor, Andhra Pradesh - 517 123.

..Respondent(s) Prayer: This application is filed under Order XIV Rule 8 of the Original Side Rules read with Section 9(1)(ii)(a)(b)(d)&(e) of the Arbitration and Conciliation Act, 1996, to appoint employee of the Applicant viz Mr. C. Prema Kumar Reddy, Area Legal Manager, as Receiver to seize and take possession of the construction equipment which is more fully described in the schedule to the Judge's Summons which is lying in the custody of respondent or respondent men agents, servants from respondent premises or wherever found with Police aid and break open of premises if necessary.

For Petitioner(s):

Mr.D.Pradeep Kumar __________ https://www.mhc.tn.gov.in/judis

Arb Appln No. 44 of 2026 N.ANAND VENKATESH, J.

Asi

ORDER

This application has been filed under Section 9 of the Arbitration and Conciliation Act, 1996, for appointment of receiver for seizing the construction equipment, which is lying in the custody of the respondent, if necessary, with police protection and by breaking open the premises.

2. When the application came up for hearing on 21.01.2026, this Court issued notice to the respondent.

3. Private notice has been served on respondent and affidavit of service has also been filed. The name of respondent has also been printed in the cause list. The respondent is neither present nor represented through counsel. Hence, the apprehension raised on the side of the applicant that the respondent is trying to secret the construction equipment is prima facie established.

4. In view of the above, Mr. C. Prema Kumar Reddy, Area Legal Manager, is appointed as the Court receiver and the Court receiver is permitted to seize the construction equipment from the respondent or wherever it is found and by breaking open the premises, if required with police assistance. This application stands disposed of in the above terms. 24-02-2026 Asi Arb Appln No. 44 of 2026 __________ https://www.mhc.tn.gov.in/judis