M/S.Mahaveer Finance India Ltd v. M/S.Trade Line Rep.By Prashanth

Application No.2183 of 2019 PUSHPA SATHYANARAYANA, J.

By order, dated 19.03.2019, this Court appointed Mr.V.Gunasekar, as Advocate Commissioner to seize and possess the vehicle in question.

2. Pursuant to the warrant of commission issued by this Court to seize the vehicle, it is today represented by the learned counsel appearing for the applicant that the subject asset has been seized and handed over to the applicant company by the Advocate Commissioner. He would also point out that arbitration proceedings have been initiated and are pending. The said statement is recorded.

3. The learned Advocate Commissioner has filed a report dated 25.04.2019 detailing the seizure of the asset and handing over of possession to the applicant. He would seek additional remuneration for the efforts undertaken by him in this regard. Considering the same, a further sum of Rs.10,000/- (Rupees Ten Thousand only) is directed to be paid by the applicant as additional remuneration within a period of two weeks from the date of receipt of a copy of this order. The Advocate Commissioner shall stand discharged. http://www.judis.nic.in

PUSHPA SATHYANARAYANA, J.

rsi

4. In the above circumstances and since nothing further survives in this application, the same stands closed. However, it is made clear that the vehicle shall not be alienated/altered/ encumbered without orders in this regard from the Arbitrator. Needless to say, as and when an award is passed, the applicant shall be at liberty to proceed as per law.

27.06.2019 rsi Application No.2183 of 2019 http://www.judis.nic.in