M/S Cholamandalam Investment And Finance Co,, Ltd v. Mr.Dnyaneshwar S Rathod And Another

A.No.445 of 2021 N.SATHISH KUMAR, J.

This application has been filed for a direction to the respondents to furnish security to the tune of Rs.3,64,095/- within the time fixed by this Court and failing which the Order of attachment of the immovable properties more fully described in the Judge's summons.

2. This Court by an Order dated 17.06.2021 directed the respondents to furnish security for the claim amount.

3. Despite the Order of this Court directing to furnish security, the respondents have not furnished any security and none appeared for the respondents.

4. In view of the same, there shall be an Order of interim attachment against the respondents. 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 communicate the Order of attachment to the concerned Registrar.

5. With the above observation, this application is closed 20.07.2021 https://www.mhc.tn.gov.in/judis/ vrc

N.SATHISH KUMAR, J.

vrc A.No.445 of 2021 20.07.2021 https://www.mhc.tn.gov.in/judis/