M/S.Indus Ind Bank Ltd v. Ips Impoex And Another

Application No.5058 of 2019 PUSHPA SATHYANARAYANA, J.

This Court, upon hearing the learned counsel for the applicant, vide order dated 03.10.2019, directed the respondents to furnish security to the extent of the claim made in the application being an amount of Rs.2,63,620.22/-, on or before 07.11.2019, failing which, an order of attachment order would be passed. 2.

When the matter is taken up for hearing today, learned counsel for the applicant would submit that no security has been furnished as directed by this Court. He would further submit that an award in arbitration between the applicant and the respondents has been passed on 10.10.2019.

3.

Heard the learned counsel appearing for the applicant. 4.

Notice sent to respondents with regard to furnish security ordered by this Court has been duly served and an affidavit of service is also filed to that effect 'served'. Though the names of the respondents are also printed in the cause list, there is no http://www.judis.nic.in

PUSHPA SATHYANARAYANA, J.

rri/arr representation for them either in person or through counsel. Hence, service to the respondents are held sufficient. In the above circumstances, there shall be an order of attachment as prayed for. The order of attachment shall be transmitted through the City Civil Court, Chennai and the attachment order may be hand delivered to the applicant for transmission.

5.

In view of the above direction, nothing further survives for adjudication and this application stands closed. The parties are free to take such action, as they may desire hereinafter, in accordance with law.

21.11.2019 rri/arr Application No.5058 of 2019 http://www.judis.nic.in