M/S.Cholamandalam Investment And Finance Co.,Ltd., v. Mr.Ambadas Popat Ghuge

A.No.1322 of 2020 Application No.1322 of 2020 N.SATHISH KUMAR, J.

This application has been filed to direct the respondent to furnish security for the sum of Rs.6,03,055/- within a time fixed by this Court, failing which to order attachment of the immovable properties morefully described in the schedule to the Judges Summons pending initiation and disposal of arbitration proceedings between the applicant and the respondent and till enforcement of the award that may be ultimately passed in the arbitration proceedings and a copy of the attachment order be transmitted through the Principal District Court, Nashik, Maharashtra and the attachment order may be hand delivered to the applicant for transmission.

2. This Court, by an Order dated 14.08.2020 had directed the respondent to furnish security. Despite the same, the respondent has not furnished security. Hence, the applicant seeks for an Order of attachment of the property of the respondent.

http://www.judis.nic.in 1/2

A.No.1322 of 2020 N.SATHISH KUMAR, J.

sri

3. In view of the same, there shall be an of attachment as against the respondent. 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 intimate the Order of attachment to the concerned Registrar.

4. With the above observations, this application stands closed. 25.09.2020 sri Application No.1322 of 2020 http://www.judis.nic.in 2/2