M/S.Indusind Bank Limited v. M/S.Mee Usha Retail And 2 Others

A.No.7511 of 2019 A.No.7511 of 2019 N.SATHISH KUMAR, J.

This application has been filed to direct the respondent furnish security for a sum of Rs.13,33,269.53/- within a time fixed by this Court, failing which, to order attachment of the immovable properties morefully described in the schedule to the judges summons pending disposal of arbitration proceedings between the applicant and the respondents and till the enforcement of the Award that may be ultimately passed in the arbitration proceedings and a copy of the attachment order be transmitted through the District Court, Rangareddy and the attachment order may be hand delivered to the applicant for transmission.

2. This Court by an Order dated directed the respondents to furnish security for the suit claim on or before 22.12.2019 and on failing to furnish security, there shall be Order of attachment.

3. Despite the Order of this Court directing to furnish security, the respondents have not furnished any security and none appeared for the respondents.

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A.No.7511 of 2019 N.SATHISH KUMAR, J kal

4. In view of the same, there shall be an Order of attachment of the immovable property described in the schedule and this application is closed. The registry is directed to communicate this Order to the concerned Registrar.

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