M/S.Cholamandalam Investment v. M/S.Managing Partner Gopika

IN THE HIGH COURT OF JUDICATURE AT MADRAS

(ORDINARY ORIGINAL CIVIL JURISDICTION) THURSDAY, THE 02ND DAY OF AUGUST 2018 THE HON'BLE MRS.JUSTICE PUSHPA SATHYANARAYANA A. No.3036 OF 2018 In the matter of Arbitration & Conciliation Act, 1996 And In the matter of Disputes between M/s.Cholamandalam Investment and Finance Company Ltd.

and M/S.Managing Partner Gopika Dairy Farms Arising under Loan Agreement No.

XVFPCIN00001368957 Dated 28.02.2015.

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.

M/s.Managing Partner Gopika Dairy Farms Anilkumar KP.No.2/264A, Kongorpilly PO, Varappuzha, Ernakulam, Near Kongorpilly Church, Kerala - 683525 : Respondent Application praying that this Hon'ble Court be pleased to appoint employee of the Applicant viz., Ms.Reshma Sobhanan, SR.Legal Executive, as Receiver to seize and take possession of the vehicle, which is more fully described in the schedule to the Judges Summons which is lying in the custody of respondent or their men, agents, servants from their premises or wherever found with Police aid and break open of premises if necessary.

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This Application coming on this day before this court for hearing the court made the following order: By order, dated 12.04.2018, this Court appointed one Ms.Reshma Sobhanan, Senior Legal Executive, 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 vehicle has been seized on 18.07.2018 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 09.04.2018 in Arbitration Case No.CIFCO/VF/EB/58 of 2018.

3.

Though the name of the respondent-Company is printed in the cause list, there is no representation for them either in person or through counsel.

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.

Sd/-P.S.N.J 02.08.2018 //Certified to be a true copy// Dated this the day of 2018. KY/30.08.2018 COURT OFFICER From 25.09.2008 the Registry is issuing certified copies of the Order/Judgment Decree in this format.

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