Hdb Financial Services Limited v. Babu K

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED : 06.08.2025 CORAM :

THE HONOURABLE MR.JUSTICE ABDUL QUDDHOSE M/s.HDB Financial Services Limited, Represented by its Authorised Signatory P.Saravanan ... Applicant Vs.

1.Babu K S/o.Kasimkan 2.Shakila B D/o.Suba N 3.Nawazbasha P S/o.Patel ... Respondents Prayer: Application filed under Order XIV Rule 8 of the Original Side Rules read with Section 9(ii)(d) and (e) of the Arbitration and Conciliation Act, 1996, to pass an order of Interim Injunction restraining the third respondent by himself, his servants, assigns, agents, representatives, officers, trustees, beneficiaries, administrator/s or any other person claiming through or under them or under any instrument, whatsoever, from in any manner selling, alienating, transferring, parting with the possession of, dealing with, disposing of, inducting anyone into or developing or creating any third party right or interest of whatsoever nature and in any manner whatsoever in respect of their 1/4

property morefully described in the schedule to the Judges Summons. For Applicant : Mr.M.Arunachalam

ORDER

Notices sent to the respondents have been duly served. Acknowledgment Cards have been filed along with the Affidavit of Service.

2. The names of the respondents are also printed in the Cause List today i.e., on 06.08.2025. However, they remain unrepresented. Hence, the respondents are set ex parte by this Court.

3. The applicant is having the benefit of interim injunction order against the respondents.

4. In this application, since 11.07.2025 this Court had granted interim order after observing that the applicant has made out a prima facie case and they have also established balance of convenience and irreparable hardship.

5. Since the respondents are set ex parte in this application and since the 2/4

applicant has made out a prima facie case and they have also established balance of convenience and irreparable hardship, interim injunction granted by this Court on 11.07.2025 for a period of four weeks from the date of receipt of the copy of the Arbitral Award by the applicant is made absolute. However, on the expiry of the four months period from the date of receipt of the Arbitral Award, interim injunction shall stand vacated as the applicant will have to file an Execution Petition to execute the Arbitral Award dated 06.06.2025, passed in favour of the applicant and against the respondents. 06.08.2025 arb ABDUL QUDDHOSE, J.

arb 3/4

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