M/S. Cholamandalam Investment And Finance v. M/S. Mahesh Tour And Travels And Another

A.No.4789 of 2019

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED : 11.09.2020 CORAM :

THE HONOURABLE MR.JUSTICE N.SATHISH KUMAR Application No.4789 of 2019 M/s.Cholamandalam Investment and Finance Company Limited, 'Dare House', No.2, N.S.C.Bose Road, Parrys, Chennai - 600 001.

Represented by its Authorised Signatory ...

Applicant versus 1.M/s.Mahesh Tour and Travels, Prop. Mahesh Hindurao Desai, Jaggi Compund, Baudh Nagar, Shashtri Nagar, Vitthalwadi, Station Road, Thane, Maharashtra - 421 003.

2.Sushila Hindurao Desai ...

Respondents Prayer: Application filed under Order XIV Rule 8 of Original Side Rules read with Section 9(ii)(b) of the Arbitration and Conciliation Act, 1996, to direct the respondents to furnish security for the sum of Rs.2,82,147/- within a time fixed by this Court, failing which to order attachment of the immovable properties morefully described in the Schedule to the Judges Summons pending disposal of arbitration proceedings between the applicant and the respondents 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 Civil Court, Ulhasnagar, Thane, Maharashtra and the attachment order may be hand delivered to the applicant for transmission. For Applicant : Mr.D.Pradeep Kumar http://www.judis.nic.in 1/2

A.No.4789 of 2019 N.SATHISH KUMAR, J.

sri

O R D E R

This application has been filed by the applicant, seeking a direction to the respondents to furnish security for the sum of Rs.2,82,147/- within a time fixed by this Court, failing which to order attachment of the immovable properties morefully described in the Schedule to the Judges Summons pending disposal of arbitration proceedings between the applicant and the respondents 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 Civil Court, Ulhasnagar, Thane, Maharashtra and the attachment order may be hand delivered to the applicant for transmission.

2. Today, when the matter was called, the learned counsel appearing for the applicant submitted through video conferencing that arbitration proceedings have concluded and an award has been passed in its favour.

3. In such view of the matter, it is open to the applicant to enforce the award as per law and hence, this application stands closed. 11.09.2020 sri Application No.4789 of 2019 http://www.judis.nic.in 2/2