Redington (India) Ltd. v. Bell Enterprises And Another

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATE: 10.09.2020

CORAM

THE HONOURABLE MR.JUSTICE N.SATHISH KUMAR A.Nos.7266 & 7267 of 2019 Redington (India) Ltd., represented by Mr.S.Hariprasad, Senior Manager - Legal, having its registered office at SPL Guindy House, No.95, Mount Road, Guindy, Chennai-600 032.

... Applicant in both Applns.

Vs

1. Bell Enterprises, represented by its Parnters, Plot No.145, Industrial Area, Phase-I, Chandigarh-160 002.

2. Mr. Deepak Singla, S/o. Mr. Sohan Lal Singla, House No.70-71E, Rani Bagh, Ambala Cantonment, Haryana-133 001.

... Respondents in both Applns.

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PRAYER in A. No.7266 of 2019 : Application filed under Order XIV Rule 8 of Original Side Rules r/w Section 9 of the Arbitration and Conciliation Act, 1996, praying to direct the respondents jointly or severally to furnish security to an extent of Rs.22,54,92,325/- (Rupees twenty two crore fifty four lakhs ninety two thousand three hundred and twenty five only) either by way of Bank Guarantee, fixed deposits or any other property in order to protect the interest of the petitioner. PRAYER in A. No.7267 of 2019 : Application filed under Order XIV Rule 8 of Original Side Rules r/w Section 9 of the Arbitration and Conciliation Act, 1996, praying to direct the respondents to present themselves with the details of all its assets, bank details and unencumbered properties so as to enable the applicant to enforce the Arbitral Award dated 28.02.2019 pass an order of attachment before judgment of the property detailed in the schedule to the Judge's summons. For Applicant :

Ms.R.Nandhini

O R D E R

This application has been filed praying direct the respondents jointly or severally to furnish security to an extent of Rs.22,54,92,325/- either by way of Bank Guarantee, fixed deposits or any other property in order to protect the interest of the petitioner.

2. The learned counsel appearing for application submitted that pending application, the award has been passed. Hence, he prays to grant a liberty to the applicant to file a execution petition. Page 2/4

3. In such view of the matter, no further order is required in these applications. It is well open to the applicant to enforce the award as per law. Accordingly, these application are closed.

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N.SATHISH KUMAR, J.

rpp A.No.7266 & 7267 of 2019 10.09.2020 Page 4/4