Madras High CourtA/1799/2020dismissed as infructuous

M/S.Cholamandalam Investment And Finance Co.,Ltd., v. Mr.Aravindbhai Melasangbhai Pava And Another

2020-10-08Honourable Ms. Justice P.T. Asha2 pages

IN THE HIGH COURT OF JUDICATURE AT MADRAS

(ORDINARY ORIGINAL CIVIL JURISDICTION) THURSDAY, THE 08TH DAY OF OCTOBER 2020 THE HON'BLE MS. JUSTICE P.T.ASHA A. No.1799 of 2020 In the matter of Arbitration & Conciliation Act, 1996 and In the matter of disputes between M/s.Cholamandalam Investment and Finance Company Ltd., and Mr.

Aravindbhai Melasangbhai Pava and another Arising under loan Agreement No.XVFPBRD00001625442 Dated 18.03.2016.

M/s.Cholamandalam Investment and Finance Company Limited, 'Dare House' No.2, N.S.C.Bose Road, Parrys, Chennai 600 001 Rep.by its authorised signatory . . . Applicant

Versus

1. MR.ARAVINDBHAI MELASANGBHAI PAVA, S/o.Melasangbhai Manpur, Chaura Faliyu, Karjan, Vadodara, Gujarat - 391 240.

2. MRS.JIVIBEN ARVINDBHAI PATANVADIA W/o.Arvindbhai At Manpur, Chaura Faliyu, Karjan Vadodara, Gujarat-391 240.

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

Application praying that this Hon'ble Court be pleased to direct the Respondents to furnish security for the sum of Rs.1,35,596.13/- within a time fixed by this Hon'ble 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 Respondents and till enforcement of the award that may be ultimately passed in the arbitration proceedings between the Applicant and the Respondents 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 District Court, Vadodara, Gujarat and the attachment order may be hand delivered to the applicant for transmission.

This application coming on this day before this court for hearing the court made the following order:- The learned counsel for the applicant would submit that the account has been closed and nothing survives for consideration in the above application. The application is therefore dismissed as infructuous. Sd/.P.T.A.J 08.10.2020 //Certified to be a true copy// Dated this the th day of 2020. su.14.10.2020 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/