Madras High CourtA/6597/2018dismissed

Fangs Technology (P) Ltd v. Sunshine Ventures

2020-03-10Honourable Mr Justice N. Sathish Kumar2 pages

IN THE HIGH COURT OF JUDICATURE AT MADRAS

(ORDINARY ORIGINAL CIVIL JURISDICTION) TUESDAY, THE 10TH DAY OF MARCH 2020 THE HON'BLE MR. JUSTICE N.SATHISH KUMAR A.No.6597 of 2018 In the matter of Arbitration and Conciliation Act, 1996 And In the matter of Agreement dated 01.04.2017 by and between FANGS TECHNOLOGY (P) LTD Mahalakshmi Building, Village Road, Nungambakkam, Chennai - 600 034.

: Applicant -VsSUNSHINE VENTURES Partnership Firm, Rep. by its Partner Mr.S.Babu No.25, 2nd Floor, Periyavar Street, Sakthivelammal Nagar, SS Colony, Madurai - 625010.

: Respondent Application praying that this Hon'ble Court be pleased to direct the respondent to furnish security for a sum of Rs.23,98,150/- pending arbitration.

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This Application coming on this day before this court for hearing and the Court made the following order:

This application has been filed to direct the respondent to furnish security for a sum of Rs.23,98,150/- pending arbitration.

2. Admittedly, Arbitration proceedings has been initiated by the applicant and an Award has also been passed.

3. In such view of the matter, it is for the applicant to initiate execution proceedings before appropriate forum.

4. Accordingly, this application is closed.

Sd/.N.S.K.J.

10.03.2020 //Certified to be a true copy// Dated this the th day of 2020. Su.01.10.2020 COURT OFFICER(O.S.) From 25.09.2008 the Registry is issuing certified copies of the Order/Judgment Decree in this format.

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