M/S Indusind Bank Ltd v. P Sulochana

Arb Appln No. 755 of 2024

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 04-03-2025

CORAM

THE HONOURABLE MR JUSTICE ABDUL QUDDHOSE Arb Appln No. 755 of 2024 M/s IndusInd Bank Ltd M/s. IndusInd Bank Ltd., Rep. by its Deputy Manager Legal, I. J. Vasantha Rooban Abishek Having office at - Consumer Finance Division, No. 34, G N Chetty Road, T Nagar , Chennai 600017.

Appellant(s) Vs P Sulochana M/s. IndusInd Bank Ltd., Rep. by its Deputy Manager Legal, I. J. Vasantha Rooban Abishek Having office at - Consumer Finance Division, No. 34, G N Chetty Road, T Nagar , Chennai 600017.No.34, Nethagi Nagar, Kainoor Arakkonam, Kainoor Arakkonam 631 003. Respondent(s) For Appellant(s): Ms.Meera Gnanasekar For Respondent(s):

O R D E R

This application has been filed seeking for appointment of the applicant's own employee as a Receiver.

2. Though this Court had earlier appointed the applicant's own employee as a Receiver to repossess the vehicle from the respondent, the said Receiver is yet to repossess the vehicle. This Court had already granted extension of time on 10.12.2024 & 21.01.2025 to comply with the earlier order dated 29.10.2024. ABDUL QUDDHOSE,J.

https://www.mhc.tn.gov.in/judis

However, till date, the Receiver could not repossess the vehicle as the vehicle is not traceable.

3. I have already made it clear in my previous orders that the question of appointing the applicant's own employee as a Receiver for the purpose of repossessing the vehicle from the respondent cannot be granted, since the said receiver will not be a neutral person.

4. Learned counsel for the applicant would now seek permission to withdraw this application. However, he seeks liberty to file a fresh application seeking for appointment of an Advocate Commissioner to repossess the vehicle from the respondent in the place of a Receiver, if need arises.

5. Accordingly, this Application is dismissed as withdrawn. Liberty as sought for by the applicant is granted.

04-03-2025 vsi To To

1. P Sulochana M/s. IndusInd Bank Ltd., Rep. by its Deputy Manager Legal, I. J. Vasantha Rooban Abishek Having office at - Consumer Finance Division, No. 34, G N Chetty Road, T Nagar , Chennai 600017.No.34, Nethagi Nagar, Kainoor Arakkonam, Kainoor Arakkonam 631 003.

Arb Appln No. 755 of 2024 https://www.mhc.tn.gov.in/judis