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Madras High CourtA/8163/2019closed

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

2020-08-26Honourable Mr Justice N. Sathish Kumar2 pages

A.No.8163 of 2019

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 26.08.2020 CORAM :

THE HONOURABLE MR. JUSTICE N. SATHISH KUMAR A.No.8163 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.Madesh ... 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 praying to direct the respondent to furnish security for the sum of Rs.1,01,329/- within a time fixed by this Hon'ble Court failing which to order attachment of the immovable properties 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 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, Dharmapuri and the attachment order may be hand delivered to the applicant for transmission.

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A.No.8163 of 2019 N. SATHISH KUMAR, J.

dpq For Applicant : Mr.N.Santhosh Nagarajan For Respondents : No Appearance O R D E R This application has been filed to direct the respondents to furnish security to the tune of Rs.1,01,329/- failing which to Order attachment of the immovable property morefully described in the schedule to the Judges summons, pending disposal of the proposed arbitration proceedings.

2. The learned counsel for the applicant submitted that the award has been passed. This Court is of the view that since the award has been passed, the applicant shall workout his remedy before the Execution court by enforcing the award. Accordingly the application is closed.

26.08.2020 Index:Yes/No Internet:Yes/No Speaking order/Non-Speaking order dpq A.No.8163 of 2019 http://www.judis.nic.in