Madras High CourtA/881/2019withdrawn dismissed

Kotak Mahindra Bank Ltd v. Rathi Filters And Industries P Ltd,

2020-03-12Honourable Mr Justice N. Sathish Kumar2 pages

/ 1 /

IN THE HIGH COURT OF JUDICATURE AT MADRAS

(ORDINARY ORIGINAL CIVIL JURISDICTION) THURSDAY, THE 12TH DAY OF MARCH 2020 THE HON'BLE MR. JUSTICE N.SATHISH KUMAR A. No.881 of 2019 In the matter of Arbitration & Conciliation Act, 1996 and In the matter of Arbitration of the dispute between M/s. Kotak Mahindra Bank Ltd., and Rathi Filters & Industries Private Limited, Agreement. No.CSG-152068672 dated 15.07.2014.

M/s.Kotak Mahindra Bank Limited 1st Floor, Ceebros Centre, 39, Montieth Road, Egmore, Chennai -600 008.

Now at: 5th Floor, Samson Towers, 402L, Pantheon Road, Egmore, Chennai - 600 008, Represented by its Authorised Signatory.

: Applicant Vs.

1. RATHI FILTERS AND INDUSTRIES P LTD, No.A-7, Mogappair West Industrial Estate, Mogappair West, Chennai - 600 037.

2. Mr.PRAMOD RATHI, Hig I-24, Nolambur Scheme, 3rd Main Road, Mogappair West, Chennai- 600 037.

3. GHANSHYAM RATHI, Hig I-24, Nolambur Scheme, 3rd Main Road, Mogappair West, Chennai - 600 037.

: Respondents https://hcservices.ecourts.gov.in/hcservices/

/ 2 / Application praying that this Hon'ble Court be pleased to pass an order directing the to furnish security for a sum of Rs.7,48,719/- being the Claim of the applicant arising under the Loan Agreement No.CSG152068672 dated 15.07.2014 against the Respondents, within such time as this Hon'ble Court may stipulate and in case of default to order attachment before Judgment of the immovable property of the Third Respondent morefully described in the Schedule to the Judges summons and the copy of the order to be sent to the Hon'ble District Court, Thiruvallur. This Application coming on this day before this court for hearing the court made the following order:

The learned Counsel appearing for the applicant seeks to withdraw this application and also made an endorsement to that effect.

2. In view of the submission of the learned counsel appearing for the applicant and endorsement made, this application is dismissed as withdrawn.

Sd/.N.S.K.J.

12.03.2020 //Certified to be a true copy// Dated this the day of 2020.

SU/28.08.2020 COURT OFFICER(O.S.) From 25.09.2008 the Registry is issuing certified copies of the Order/Judgment Decree in this format.

https://hcservices.ecourts.gov.in/hcservices/