M/S.Cholamandalam Invetment And Finance Co.Ltd v. Mr.Sukaram Yadab And Another

A.No.6925 of 2019 N.SATHISH KUMAR, J.

This application has been filed to direct the respondents to furnish security to the tune of Rs.8,13,725/- failing which to order attachment of the property morefully described in the schedule to the Judges summons, pending disposal of the proposed arbitration proceedings.

2. This Court by an Order dated 18.09.2019 had directed the respondents to furnish security. Despite the same, the respondents has not furnished security. Hence, the applicant seeks for an Order of attachment of the property of the respondents.

3. In view of the same, there shall be an interim Order of attachment as against the respondents. In the meanwhile, the applicant shall initiate arbitration proceedings within three months, failing which, the interim Order granted by this Court stands automatically vacated. The registry is directed to intimate the Order of attachment to the concerned Registrar.

4. With the above observations, this application is closed. 03.06.2020 gsk http://www.judis.nic.in

N.SATHISH KUMAR, J.

gsk A.No.6925 of 2019 03.06.2020 http://www.judis.nic.in