M/S.Cholamandalam Investment And Finance Co Limited v. Mr.Suthanthirakumar K

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATE: 25.08.2020

CORAM

THE HONOURABLE MR.JUSTICE N.SATHISH KUMAR M/s Cholamandalam Investment and Finance Company Limited, ' Dare House' , No.2, NSC Bose Road, Parrys, Chennai-1.

Rep. by its Authorised signatory.

... Applicant Vs Mr. Suthanthirakumar K.

S/o Sakthivel, No.12A, A.Nathari Santha, Poolambadi, Peramballur, Veppanthattai, Near Sambath Hospital, Tailnadu 621110.

... Respondents Prayer: Application filed under Order XIV Rule 8 of Madras High Court Original Side Rules r/w Section 9(ii)(b) of the Arbitration and Conciliaton Act, 1996 to direct the respondent to furnish security for a sum of Rs.7,73,732 within a time fixed by this court, failing which to pass an order of attachment of the immovable property described in the schedule to the judges summons pending disposal of arbitration proceedings between the applicant and the respondent and till enforcement of the Award that may be ultimately passed in the arbitration proceedings and a copy of the attachment order be transmitted through the District Court, Peramballur and the attachment order may be hand delivered to the applicant for transmission.

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For Applicant : Mr.N.Santhosh Nagarajan For Respondent : No appearance

O R D E R

This application has been filed to direct the respondent to furnish security for a sum of Rs. 7,73,732 failing which to attach the immovable property more fully described in the schedule, till the enforcement of the Award that may be ultimately passed in the arbitration proceedings.

2. This Court by an Order dated 26.08.2019, directed the respondent to furnish security for the suit claim on or before 24.09.2019 and on failing to furnish security, there shall be Order of attachment.

3. Despite the Order of this Court directing to furnish security, the respondent has not furnished any security and none appeared for the respondent.

4. In view of the same, there shall be an Order of attachment of the immovable property described in the schedule and this application is closed. The registry is directed to communicate this Order to the concerned Registrar.

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N.SATHISH KUMAR, J.

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