M/S.Cholamandalam Investment And Finance Company Limited v. Mr.Kolli Venkateswara Rao And Another

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 14.09.2020 C O R A M THE HON'BLE MR.JUSTICE N.SATHISH KUMAR Application No.1995 of 2020 M/s. Cholamandalam Investment and Finance Company Limited, 'Dare House', No.2, N.S.C. Bose Road, Parrys, Chennai-600 001.

represented by its Authorised Signatory ... Applicant Vs

1. Mr.Kolli Venkateswara Rao, S/o. Gopaiah, No.4-134, Opp. Brilant Public School, Hanuman Junction, Krishna, Near K.S. Talkies Road, Andhra Pradesh - 521105.

2. Mrs.Kolli Lakshmi Parvathi, W/o. Varaprasada Rao, No.1-19, Bapula Padu Mandalam, Koyyuru, Hanuman Junction, Krishna, Near Main Road, Andhra Pradesh - 521105.

... Respondents 1/4

PRAYER : Application filed under Order XIV Rule 8 of Original Side Rules r/w Section 9(ii) (b) of the Arbitration and Conciliation Act, 1996, praying to raise the order of attachment dated 31.08.2018 made in Application No.2660 of 2018 attaching the immovable property morefully described in the schedule to the judges summons and a copy of the order raising attachment be transmitted through the Additional District and Sessions Judge Court at Gudiwada, Krishna District and communicated to Sub-Registration District of Kanumole (605). For Applicant :

Mr.N.Santhosh Nagarajan

O R D E R

This application has been filed praying to raise the order of attachment.

2. It is the submission of the learned counsel appearing for the applicant that the amount has been settled. In such view of the matter, the dispute has been settled. Since the financier has filed the application to raise the order of attachment on the ground that the matter has been settled, order of attachment is raised. Accordingly, this application is ordered.

2/4

3. The Registry is directed to communicate this order to the concerned Registrar.

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N.SATHISH KUMAR, J.

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