M/S.Cholamandalam Investment And Finance Ltd v. Mr.Bhupendra B

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 9/9/2020 C O R A M THE HON'BLE MR.JUSTICE N.SATHISH KUMAR Application No.7478 of 2019 Cholamandalam Investment and Finance Company Limited rep. By its Authorised Signatory 'Dare' House, No.2 NSC Bose Road Parrys Chennai 600 001.

...

Applicant Vs B.Bhupendra ...

Respondent Application filed under XIV Rule 8 of Original Side Rules, 1956 r/. Section 9 (ii) (a) (b) (d) & (e) of the Arbitration and Conciliation Act, 1996.

For applicant ...

Mr.D.Pradeep Kumar - - - - - -

O R D E R

Instant application has been filed by the applicant/Company to

appoint employee of the applicant viz., Mr.Ashish Sharma, Area Business Manager, as Receiver to seize and take possession of the vehicle which is morefully described in the schedule to the Judges Summons which is lying in the custody of respondent or respondent's men, agents, servants from respondent premises or wherever found with Police aid and break open of premises, if necessary. 2.

By order dated 3/10/2019, this Court had appointed one Mr.Ashish Sharma, Area Business Manager as Receiver to seize and possess the vehicle, which is morefully described in the schedule to the Judges Summons.

3.

Today, when the matter was called, the learned counsel appearing for the applicant submitted that the vehicle could not be secured and sought for extension of time for execution of order by the Receiver and submitted that further time of three weeks may be granted to repossess the vehicle. Accordingly, time is extended finally for a period of three weeks from the date of receipt of a copy of this order,

failing which the order granting power to repossess the vehicle shall automatically stand cancelled.

4.

With the above direction, the application is closed. 9/9/2020 mvs.

N.SATHISH KUMAR,J mvs.

Application No.7478 of 2019 9/9/2020