M/S.Cholamandalam Investment And Finance Ltd v. Mr.Jagishbhai Kanubhai Gondaliya

A.No.7506 of 2019

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 23.07.2020 CORAM :

THE HONOURABLE MR. JUSTICE N.SATHISH KUMAR A .No.7506 of 2019 M/s.Cholamandalam Investment and Finance Company Limited, 'Dare House' No.2, N.S.C Bose Road, Parrys, Chennai-600 001.

Represented by its Authorised Signatory ... Applicant Vs.

Mr.Jagdishbhai Kanubhai Gondaliya, S/o.Kanubhai Gondaliya, A-337, 3rd Floor, Avadh Viceroy, Sarthana Jakat Naka, Surat, Gujarat 395 006.

... Respondent PRAYER: Application filed under Order XIV Rule 8 of Original Side Rules r/w Section 9 (ii) (b) of the Arbitration and Conciliation Act 1996, to direct the respondent to furnish security for the sum of Rs.20,06,562.95/- within a time fixed by this Court failing which to order attachment of the immovable properties more fully described in the schedule to the judges summons pending disposal of the arbitration proceedings between the applicant and the respondent 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 District Court, Surat, Gujarat and the attachment order may be hand delivered to the applicant for transmission.

For Applicant : Mr.D.Pradeep Kumar http://www.judis.nic.in For Respondent : No Appearance

A.No.7506 of 2019 N.SATHISH KUMAR, J.

gsk O R D E R This application has been filed to direct the respondent to furnish security for a sum of Rs.20,06,562.95/- failing which to attach the immovable property of the respondent morefully described in the schedule, till the enforcement of the Award that may be ultimately passed in the arbitration proceedings.

2. This Court, by an Order dated 18.03.2020 directed the respondent to furnish security for the suit claim on or before 22.04.2020 and on failing to furnish security, there shall be Order of attachment.

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

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. 23.07.2020 Index:Yes/No Internet:Yes/No gsk A .No.7506 of 2019 http://www.judis.nic.in