M/S.Cholamandalam Investment And Finance Co. Ltd. v. Mr.Senthil R And Another

A.No.9056 of 2019 Application No.9056 of 2019 N.SATHISH KUMAR, J.

This application has been filed to direct the respondents to furnish security for the sum of Rs.7,22,675/- within a time fixed by this Court, failing which to order attachment of the immovable property morefully described in the Schedule to the Judges Summons pending initiation and disposal of 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, Palacode and the attachment order may be hand delivered to the applicant for transmission.

2. This Court by an Order dated 20.03.2020 had directed the respondents to furnish security. Despite the same, the respondents have not furnished security. Hence, the applicant seeks for an Order of attachment of the property of the respondents.

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A.No.9056 of 2019 N.SATHISH KUMAR, J.

sri

3. In view of the same, there shall be an of attachment as against the respondents. In the meanwhile, the applicant shall initiate arbitration proceedings within three months, failing which, the interim Order granted by this Court stands automatically vacated. The Registry is directed to intimate the Order of attachment to the concerned Registrar.

4. With the above observations, this application is closed. 25.09.2020 sri Application No.9056 of 2019 http://www.judis.nic.in 2/2