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Madras High CourtA/1057/2021closed

M/S Idfc First Bank Limited v. M.Fazila Jahan

2021-07-09Honourable Mr Justice N. Sathish Kumar2 pages

A.No.1057 of 2021 N.SATHISH KUMAR, J This application has been filed to appoint Mr.Rajendar Azmeera, Collection Manager of the Petitioner bank, as receiver to seize the vehicle more particularly described in the schedule to the Judges Summon wherever stationed in the premises of the respondent or wherever it is found and with whomsoever it is found with powers to breakdown the premises and grant permission to the receiver to obtain police aid from the concerned Police Officer.

2. It is the case of the applicant that as per the loan agreement dated 24.04.2019, the respondent has availed a sum of Rs.9,08,492/-. As the respondent committed default, it is the contention of the applicant that unless a receiver is appointed to take charge of the vehicle, there will be irreparable injury and the vehicle will be sold by the other side. Hence, it is prayed for appointment of a receiver.

3. In such view of the matter, if the vehicle is allowed to be sold by the respondent, the very right of the applicant will be defeated. https://www.mhc.tn.gov.in/judis/ Page No: 1/2

N.SATHISH KUMAR, J

4. Taking into consideration that the applicant has made out a prima facie case and balance of convenience is in favour of the applicant, Mr.Rajendar Azmeera, Collection Manager of the Petitioner bank is appointed as a receiver to seize the vehicle covered under the contract. This Order shall operate only for a period of three weeks from the date of receipt of a copy of this Order and thereafter, this Order shall stand automatically cancelled.

5. The receiver will be entitled to take possession of the vehicle from the respondent or his agents or any one in possession thereof. If necessary, the Receiver shall get police assistance and the Station House Officer of the concerned Police Station, within whose jurisdiction the vehicle is found, will render requisite assistance for this purpose.

6. This Order of appointment shall be served on the respondent by the applicant before the receiver takes any action on the basis of this Order.

7. Accordingly, this application is closed.

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