Lb Industries Private Limited v. Kotak Mahindra Bank

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED : 10.03.2020

CORAM

THE HONOURABLE MR.JUSTICE N.SATISHKUMAR C.M.A.No.3647 of 2019 & C.M.P.No.20896 of 2019

1. L.B.Industries Private Limited, Carrying on business at P.No.2A, Mount Rd Extension Sadar, Nagpur - 440 001.

2. Shyamal Jaidev Panchmatia UMA, 309, E Chitnavis, Marg Civil Lines, Nagpur, 440 001.

3. Jaidev Laxmidas Panchmatia UMA, 309, E Chitnavis, Marg Civil Lines, Nagpur, 440 001.

... Appellants Vs.

M/s.Kotak Mahindra Bank, 5th Floor, Samson Towers, 402 L, Pantheon Road, Egmore, Chennai - 600 008.

... Respondent Civil Miscellaneous Appeal is filed under Section 37 (2) (b) of theArbitration andConciliation Act, 1996 against the exparte order dated 25.06.2019 made in I.A.No.1 of 2019 in Arbitration proceeding bearing KB B CL 151/2019 passed by the learned Sole Arbitrator allowing the application for the appointment of one Alok Naidu as the receiver for taking possession and custody of the movable properties of the appellant herein and authorising him to take take necessary aid from police to execute the said Order.

For Appellants : No appearance For respondent : Mrs.Rajeni Ramadoss https://hcservices.ecourts.gov.in/hcservices/

JUDGMENT

There is no representation for the appellants 05.03.2020. Hence, this appeal has been posted today under the caption 'for dismissal'. Today also, there is no representation for the appellants. Hence, this Civil Miscellaneous Appeal is dismissed for default.

No cost.

Consequently, the connected miscellaneous petition is closed.

Sd/- Assistant Registrar(CS) //True Copy// Sub Assistant Registrar vrc To

1. M/S.Kotak Mahindra Bank, 5th Floor, Samson Towers, 402 L, Pantheon Road, Egmore, Chennai - 600 008

2. The Additional Registrar, (Arbitration) High Court, Madras - 600 104.

+1cc to M/S.Rajeni Ramadass, Advocate, S.R.No.21885 Copy to:

C.Prasanna Venkatesh, The Sole Arbitrator, Plot No.1, Sai Nivas, Gems Park Avenue, Chennai - 37 C.M.A.No.3647 of 2019 LN(CO) SU(23/07/2021) https://hcservices.ecourts.gov.in/hcservices/