Tvs Credit Services Ltd. v. Ayaz Khan

IN THE HIGH COURT OF JUDICATURE AT MADRAS

(ORDINARY ORIGINAL CIVIL JURISDICTION) FRIDAY, THE 25TH DAY OF SEPTEMBER 2020 THE HON'BLE MR. JUSTICE N.SATHISH KUMAR A. No.8199 of 2019 In the matter of Arbitration & Conciliation Act 1996 And In the matter of Loan cum Hypothecation Agreement and dispute between M/s.TVS Credit Services Limited and AYAZ KHAN bearing Loan No.

KA3025CA0004761 dated 29Mar-18.

TVS Credit Services Limited No.29, Third Floor, Jayalakshmi Estates, Haddows Road, Nungambakkam, Chennai, Tamil Nadu - 600 006 Represented by its Senior Manager-Legal, Mr.C.Venkatesh : Applicant Vs.

Ayaz Khan S/o. Mujeeb Ulla Siffathi Mahaveer Road 6th Division DD J No.9/A, Asset No.6/9 Saligrama K R Nagar, Mysore, Near Gandhi Circle, Ankanahalli B.O, K R Nagar, Mysore, Karnataka - 571604.

: Respondent Application praying that this Hon'ble Court be pleased to appoint a https://hcservices.ecourts.gov.in/hcservices/ receiver namely Balaraj SK employee of the applicant to seize and deliver

the vehicle MARUTI SUZUKI SWIFT DZIRE VD1 DIESEL 2008, bearing Registration No.KA01ME1604, Chassis No.MA3FKEB2S00132512, Engine NO.D13A1142627 available at the Respondent's premises or wherever found and permit the receiver namely Mr.Balaraj SK of the applicant to obtain police aid and to break open the premises. This Application coming on this day before this court for hearing the court made the following order:

When the matter is taken up today, the learned counsel appearing for the applicant submitted that arbitration award has already been passed on 22.07.2019.

2.

Such view of the matter, this court is not inclined to pass any interim order and it is for the applicant to work out its remedy before the appropriate forum and enforce the award as per law. 3.

Accordingly, this application is closed.

Sd/.N.S.K.J.

25.09.2020 //Certified to be a true copy// Dated this the th day of 2020. su.18.11.2020 COURT OFFICER(O.S.) From 25.09.2008 the Registry is issuing certified copies of the Order/Judgment Decree in this format.

https://hcservices.ecourts.gov.in/hcservices/