M/S Equitas Small Finance Bank Limited v. Mrs.R.Sindhu And Another
IN THE HIGH COURT OF JUDICATURE AT MADRAS
(ORDINARY ORIGINAL CIVIL JURISDICTION) MONDAY, THE 19TH DAY OF JULY 2021 THE HON'BLE MR. JUSTICE N.SATHISH KUMAR A. No.828 of 2021 In the matter of Arbitration & Conciliation Act, 1996 and In the matter of Disputes between M/s.Equitas Small Finance Bank Limited and Mr.Sindhu and others arising under Loan Agreement Dated 24.09.2018 bearing Loan Agreement No.SLNGRCL0198202 M/S EQUITAS SMALL FINANCE BANK LIMITED 4th Floor, Phase II, Spencer Plaza, 769, Anna Salai, Chennai Tamilnadu 600 002., Represented by its Authorised Signatory Mr.R.S.Bharath (Emp.No.31681).
..Applicant -Vs1. MRS.R.SINDHU, Both at No.262, Irulappapuram, Kottar, Kanyakumari 626 002.
..Borrower/Respondent-1
2. MR.S.IYYAPPAN No.262, Kalainagar, Irulappapuram, Kanyakumari - 629 002.
..Co.Borrower/Respondent-2 ..Respondents
Application praying that this Hon'ble Court be pleased to pass an order of appointment of MR.S.V.RAJESH KANNA- BRANCH RECEIVABLE MANAGER - NAGERCOIL of the applicant company as receiver to seize the vehicle more particularly described in the schedule to the Judges Summon wherever stationed in the premises of the respondents or wherever it is found and with whomsoever it is found with powers to break open the premises and grant permission to the receiver to obtain police aid from the concerned police officer.s This Application coming on this day before this court for hearing the court made the following order:
This application has been filed for appointment of a receiver to seize vehicle mentioned in the judges summons.
2. Today, when the matter is taken up for consideration, the learned counsel for the applicant submitted that the first respondent died and he seeks time to implead the legal heirs of the first respondent.
3. In such view of the matter, it is for the applicant to find out in whose possession the vehicle is and thereafter, initiate proceedings as per law.
4. Accordingly, this application is closed.
Sd/.N.S.K.J.
19.07.2021 //Certified to be a true copy// Dated this the th day of 2021. SU/26.07.2021 COURT OFFICER(O.S.) From 25.09.2008 the Registry is issuing certified copies of the Order/Judgment Decree in this format.