M/S.Tata Capital Financial Services Limited v. Mr.Rajesh C

C.SARAVANAN, J.

Today, the learned Advocate Commissioner has filed a report dated 04.03.2024. The report indicates that the vehicle was seized as early as 05.02.2024. Same is taken on record.

2. Considering the nature of work carried out by the Advocate Commissioner, Court is inclined to order Additional Remuneration of Rs.25,000/- (Rupees Twenty Five Thousand) to the Advocate Commissioner.

3. The learned counsel for the applicant is directed to ensure the Additional Remuneration is paid to the learned Advocate Commissioner within a period of thirty days from the date of receipt of a copy of this order. The learned Advocate Commissioner shall return the warrant to the Registry.

4. The applicant is directed to invoke the arbitration Clause within a period of 90 days from the date of receipt of a copy of this order. It is made clear that the seized vehicle shall not be disposed or sold or alienated without permission of the learned arbitrator or the jurisdictional Execution Court.

5. This Arbitration Application is closed with liberty to the applicant to move appropriate application before the learned Arbitrator for disposal of the seized vehicle. In case no such application is filed, the seized vehicle shall be returned to the respondent. 04.03.2024 jas

C.SARAVANAN, J.

jas 04.03.2024