Madras High CourtA/3519/2019withdrawn dismissed

M/S.Kotak Mahhindra Bank Ltd v. M/S.Sai Broilers And 2 Others

2019-06-19Honourable Mrs Justice Pushpa Sathyanarayana2 pages

IN THE HIGH COURT OF JUDICATURE AT MADRAS

(ORDINARY ORIGINAL CIVIL JURISDICTION) THURSDAY, THE 19TH DAY OF JUNE 2019 THE HON'BLE MRS. JUSTICE PUSHPA SATHYANARAYANA A. No. 3519 of 2019 In the matter of Arbitration & Conciliation Act 1996 And In the matter of Disputes between the Applicant and the Respondents in respect of Loan Agreement No.LCV 1027683 Dated 20.08.2018.

M/s.Kotak Mahindra Bank Limited, Rep by its Associate-Legal/Authorised Signatory, Mr.Jayapal Madhavan, 8th Floor, TVH Agnitio Park, Zone 2, Old Mahabalipuram Road, Kandanchavadi, Chennai - 600 096.

: Applicant Vs.

1.M/s.Sai Broilers, No.53, Block 42 Ezhil Nagar, Okkuyam Thoraipakkam, Chennai - 600 097.

2.Samandhi S Sekar, No.7, Muthan Street Palayam, Chetpet, Thiruvannamalai - 606 801.

3.Geethakumar D, NO.951/2, Tennamara Street, Mangalam, Tiruvannamalai - 606 752.

: Respondents Application praying that this Hon'ble Court be pleased to appoint Mr.Senthil Manager, Kotak Mahindra Bank Ltd, as Receiver to seize the Construction Equipment Excavator JCB India Ltd - CB_JCB_JS_220 Excavator bearing Commercial https://hcservices.ecourts.gov.in/hcservices/ Vehicle - LCV - ASHOK LEYLAND LIMITED - CB_AL GURU 1111 20FT CABIN CHASSIS bearing Engine No.JEEZ203327 and Chassis

No.MBIAVPTD5JPDD4683 lying at the address of the Respondents 1, 2 and 3 or wherever and to handover to the applicant in as is where is condition.

This Application coming on this day before this court for hearing the court made the following order: Learned counsel appearing for the applicant seeks permission of this Court to withdraw this application and has also made the following endorsement:

"Applicant instructs that after receipt of notice in this application, the respondent has surrendered the subject vehicle and in view of this, prays for permission to withdraw this application."

2. In view of the submission and endorsement made by the learned counsel for the applicant, this application is dismissed as withdrawn.'

Sd/.P.S.N.J.

19.06.2019 //Certified to be a true copy// Dated this the day of 2019.

SU/31.10.2019 COURT OFFICER From 25.09.2008 the Registry is issuing certified copies of the Order/Judgment Decree in this format.

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