M/S Indusind Bank Ltd v. Karthikeyan Shanmugam
Arbitration Application No. 697 of 2025
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 23.07.2025
CORAM
THE HONOURABLE Mr. JUSTICE ABDUL QUDDHOSE Arbitration Application No. 697 of 2025 M/s.IndusInd Bank Ltd., Rep. by its Deputy Manager Legal, I.J.Vasantha Rooban Abishek, Having Office at - Consumer Finance Division, No.34, G.N.Chetty Road, T.Nagar, Chennai 600 17.
... Applicant Vs.
Karthikeyan Shanmugam ... Respondent PRAYER: Arbitration Application filed under Order XIV Rule 8 of Original Side Rules read with Section 9(1)(2)(ii)(a)(b)(d) &(e) of the Arbitration and Conciliation Act, 1996, praying to pass an order of appointment of an Advocate Commissioner to seize and deliver the vehicle / Machinery Hundai i20, Asta 1.2 IVT Petrol BS VI bearing Vehicle Registration No.TN09CY0292, Vehicle Engine No.G4LFMM009292 and Vehicle Chassis No.MALBJ512TMM103499 to the custody of the applicant, available at the respondent premises or wherever found and with whomsoever it is found and permit the Advocate Commissioner to obtain police aid and to break open the premises.
For Applicant : Ms.Meera Gnanasekar https://www.mhc.tn.gov.in/judis
Arbitration Application No. 697 of 2025 ABDUL QUDDHOSE, J.
Maya
O R D E R
The learned counsel for the applicant is not pressing this application since the respondent has paid the over due installments to the applicant. However, the learned counsel for the applicant also submits that in case the respondent commits default in the near future, the applicant may be granted with liberty to file a fresh application. She has also made an endorsement to that effect in the Court bundle.
2. Accordingly, this application is dismissed as not pressed. However, liberty is granted to the applicant to file a fresh application against the respondent in case the respondent commits default in the near future. No costs.
23.07.2025 Index: Yes/ No Speaking order / Non speaking order Maya Arbitration Application No. 697 of 2025 https://www.mhc.tn.gov.in/judis