Sundaram Finance Ltd v. C5 Engineering Pvt Ltd

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 07-04-2026

CORAM

THE HONOURABLE MR JUSTICE SENTHILKUMAR RAMAMOORTHY M/s. Sundaram Finance Ltd., No.21, Patullos Road, Chennai 600 002.

Represented by its Authorised Signatory Mr.Thothathri R Appellant(s) Vs

1. C5 Engineering Pvt Ltd Rep.by its Director Mr.Chennadi Sushant, Plot No.270/A, Fourth Floor, Padmaja Towers, Road No.12, MLA Colony, Banjara Hlls, Hyderabad 500 034.

2.Chennadi Sushant S/o. Chennadi Sudhakar Rao 8-2-693/82/C, Plot No. 316/A, MLAs Colony, Road No. 12, Banjara Hills, Hyderabad 500034.

3.Chennadi Veena W/o. Chennadi Sudhakar Rao 8-2-693/82/C, Plot No. 316/A, MLAs Colony, Road No. 12, Banjara Hills, Hyderabad 500034.

Respondent(s)

PRAYER Arbitration application filed under Order XIV Rule 8 of O.S.Rules r/w Section 9(ii)(d) & (e) of the Arbitration and Conciliation Act, 1996, to appoint Mr.Asnvs Anil Kumar, Senior Branch Manager of the Applicant as a Receiver to seize and deliver the asset Scania G 500 XT 8x4 Heavy Tipper Truck bearing Reg.No.TS 22 TA 2321 Engine No.DC131557389274 and Chassis No.MYKG8X4FOP5681847 available at the Respondent premises or wherever found and permit the receiver to obtain police aid and to break open the premises.

For Appellant(s):

Mr.M.Arunachalam For Respondent(s):

Ms.S.Preethi

ORDER

Ms.S.Preethi, learned counsel, enters appearance on behalf of the respondents. The learned counsel for the applicant submits that the matter was settled out of Court. Therefore, he submits that he has been instructed to withdraw the application. He has made an endorsement for that purpose. 2.Taking note of the same, this application is dismissed as withdrawn without any order as to costs.

07-04-2026 Index:No Speaking order Internet:Yes kp

SENTHILKUMAR RAMAMOORTHY J.

kp Arb Appln No. 421 of 07-04-2026