Daimler Financial Services Inida Pvt. Ltd. v. S N Associates (Borrower) And Another

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED : 31.08.2020 CORAM :

THE HONOURABLE MR.JUSTICE N.SATHISH KUMAR Application No.7046 of 2019 Daimler Financial Services India Pvt Ltd., Unit 201, 2nd Floor, Campurs 3B, RMZ Milennia Business Park, 143, Dr.MGR Road, Perungudi, Chennai - 600 096, India, Rep. By its Chief Manager M.Shaikshavali ...

Applicant versus

1. S.N.Associates (Borrower) Rep. By Managing Partner Chakravartula Srinivasa Rao D.No.3-337, Old diary Form, Vishakhapatnam 530 040 Andhra Pradesh.

2. Chakravartula Srinivasa Rao (Guarantor) D.No.3-337, Old diary Form, Vishakhapatnam 530 040 Andhra Pradesh.

...

Respondents Prayer: Application filed under Order XIV Rule 8 of Original Side Rules read with Section 9(ii) (d) of the Arbitration and Conciliation Act, 1996, to Mr.Praveen Goud Aughorised Agent of the applicant as Receiver to seize and take possession of the vehicle, which is more fully described in the schedule to the Judges Summons from the premises of the respondents or where ever found with police aid and break open of premises, if necessary. For Applicant : Mr.H.Mohamed Ismail 1/4

O R D E R

This application has been filed seeking a direction to appoint the employee of the applicant viz. Mr. Praveen Goud, Authorised Agent, as a Receiver to seize the vehicle.

2. When the matter is taken up today, the learned counsel appearing for the applicant submitted that arbitration proceedings has been initiated and the same is pending and sought for appointment of the receiver to seize the vehicle.

3. Section 9 of the Arbitration and Conciliation Act states that once arbitral tribunal has been constituted, the Court normally shall not entertain any application for interim measures unless the Court finds that circumstances exist which may not render the remedy provided under section 17 efficacious.

4. This application has been filed for appointment of a receiver to seize the vehicle. The arbitral tribunal itself can pass such an Order. Further, 2/4

as the applicant has not complied the Order passed by this court and batta has not been filed from the very beginning, this Court is not inclined to pass any Orders in this application and it is open to the applicant to work out his remedy before the arbitral tribunal.

5. With the above observation, this application is closed. 31.08.2020 vrc 3/4

N.SATHISH KUMAR, J.

vrc Application No.7046 of 2019 31.08.2020 4/4