Madras High CourtA/6671/2019closed

M/S.Equitas Small Finance Ltd. v. Mr.Ramakrishna Telebati And 2 Others

2020-03-23Honourable Mr Justice N. Sathish Kumar2 pages

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IN THE HIGH COURT OF JUDICATURE AT MADRAS

(ORDINARY ORIGINAL CIVIL JURISDICTION) MONDAY, THE 23RD DAY OF MARCH 2020 THE HON'BLE MR. JUSTICE N.SATHISH KUMAR A. No.6671 of 2019 In the matter of Arbitration & Conciliation Act, 1996 And In the matter of Disputes between M/s.Equitas Small Finance Bank Limited and Mr.Ramakrishna Telebati and others Arising under Loan Agreement Dated 20.06.2015 bearing Loan Agreement No.SLGUNTR0059986 and under loan agreement dated 20.04.2015 bearing No.SLGUNTR0055551 of the Guarantor Mr.Srinivasa Rao Yadavalli.

M/s.Equitas Small Finance Bank Limited, 4th Floor, Phase-II, Spencer Plaza, 769, Anna Salai, Chennai, Tamil Nadu - 600 002.

Represented by its Authorised Signatory, Mr.R.S.Bharath (Emp.No.31681) : Applicant Vs.

1.Mr.Ramakrishna Telebati, 16-188, High School Road, Piduguralla,Guntur, Andhra Pradesh - 522 413. : Borrower 2.Mrs.Telebati Lakshmimaruthy, H.No.16-188, Pidiguralla, Guntur, Andhra Pradesh - 522 413.

: Co Borrower 3.Srinivasa Rao Yadavalli, 7-54, Sudha Gunthala Bazar, Piduguralla, Guntur, Andhra Pradesh - 522 413. : Guarantor : Respondents https://hcservices.ecourts.gov.in/hcservices/

/ 2 / Application praying that this Hon'ble Court be pleased to pass an order of appointment of Mr.Sai Kumar Rali, Branch Receivable Manager - Guntur of the applicant company as receiver to seize the vehicle more particularly described in the schedule to the Judges Summon wherever stationed in the premises of the respondents or wherever it is found and with whomsoever it is found with powers to break open the premises and grant permission to the receiver to obtain police aid from the concerned police officer.

This Application coming on this day before this court for hearing the court made the following order:

The learned counsel appearing for the applicant seeks to withdraw this application and also made an endorsement to that effect.

2. In view of the submission of the learned counsel appearing for the applicant and the endorsement made, this application is dismissed as withdrawn.

Sd/.N.S.K.J.

23.03.2020 //Certified to be a true copy// Dated this the day of 2020.

SU/26.05.2020 COURT OFFICER(O.S.) From 25.09.2008 the Registry is issuing certified copies of the Order/Judgment Decree in this format.

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