M/S.Sundaram Finance Ltd., v. V.B.Shanthakumar

Application No.368 of 2017 DR.ANITA SUMANTH,J.

By order, dated 20.03.2017, this Court appointed Mr.K.Sivakumar, Branch Manager, Karaikal of the applicant company, as a Receiver, 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 asset has been seized and handed over to the applicant company by the Receiver. He would also confirm that proceedings for arbitration in connection with the transaction relating to the aforesaid asset have been concluded and an award has been passed favouring the applicant on 04.05.2017, which has, till date, not been challenged by the respondent. The statement is recorded.

3. Though the respondent has been served and his name appears in the cause list, none appears on his behalf.

DR.ANITA SUMANTH,J.

smi

4. In view of the above, nothing further survives in this application and the same stands closed. The parties are free to take such action, as they may desire hereafter, in accordance with law.

smi 27.06.2017 Application No.368 of 2017 http://www.judis.nic.in