M/S.Cholamandalam Investment And Finance Co. Ltd. v. Mr.Tamizhvanan And Another

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED : 03.08.2020 CORAM :

THE HONOURABLE MR.JUSTICE N.SATHISH KUMAR Application No.7016 of 2019 M/s.Cholamandalam Investment and Finance Company Limited, 'Dare House', No.2, N.S.C.Bose Road, Parrys, Chennai - 600001.

Represented by its Authorised Signatory ...

Applicant versus 1.Tamizhvanan, S/o.Somala, No.595/A, Thanipadi Main Road, Periyathanda, Bondai, Thandarampattu, Tiruvannamalai, Near Church, Tamilnadu - 606 708.

2. Sekar, S/o.Govindhan, No.695, Kovil Street, Periyathanda, Bondai, Thandarampattu, Tiruvannamalai, Near Church, Tamilnadu - 606 708.

...

Respondents Prayer: Application filed under Order XIV Rule 8 of Original Side Rules read with Section 9(ii)(b) of the Arbitration and Conciliation Act, 1996, to direct the respondents to furnish security for the sum of Rs.1,63,758/- within a time fixed by this Court failing which to order attachment of the immovable property morefully described in the Schedule to the Judges Summons pending initiation and disposal of arbitration proceedings between the applicant and the respondents and till enforcement of the award that may be ultimately passed in the arbitration proceedings and a copy of the attachment order be transmitted through the Subordinate Court, Tiruvannamalai and the attachment order may be hand delivered to the applicant for transmission. 1/4

For Applicant : Mr.N.Santhosh Nagarajan

O R D E R

This application has been filed to direct the respondents to furnish security for the sum of Rs.1,63,758/- within a time fixed by this Court, failing which, to order attachment of the immovable property morefully described in the Schedule to the Judges Summons pending initiation and disposal of arbitration proceedings between the applicant and the respondents and till enforcement of the award that may be ultimately passed in the arbitration proceedings and a copy of the attachment order be transmitted through the Subordinate Court, Tiruvannamalai and the attachment order may be hand delivered to the applicant for transmission.

2. Today, when the Application is taken up for consideration, the learned counsel appearing for the applicant through video conferencing seeks permission of this Court to withdraw the Application. 2/4

3. In view of the submission made by the learned counsel appearing for the applicant, this Application is dismissed as withdrawn. 03.08.2020 sri 3/4

N.SATHISH KUMAR, J.

sri Application No.7016 of 2019 03.08.2020 4/4