Madras High CourtA/9403/2019closed

M/S.Hdb Financial Services Ltd v. M/S.Sri Gomathi Enterprises And 2 Others

2020-11-11Honourable Ms. Justice P.T. Asha3 pages

IN THE HIGH COURT OF JUDICATURE AT MADRAS

(ORDINARY ORIGINAL CIVIL JURISDICTION) WEDNESDAY, THE 11TH DAY OF NOVEMBER 2020 THE HON'BLE MS. JUSTICE P.T.ASHA A. No.9403 of 2019 In the matter of Arbitration & Conciliation Act, 1996 And In the matter of Loan cum Hypothecation Agreement, and dispute between M/s. HDB Financial Services, and M/s. Sri Gomathi Enterprises - Loan Nos.

3278238, 3305053Dated 22.11.2017.

M/s. HDB Financial Services Limited, Registered Office at Radhika, 2nd Floor, Law Garden Road, Navrangpura, Ahmedabad - 380 009.

Corporate Office at Process House, 2nd Floor, Kamala Mills Compound, Lower Parel, Mumbai - 400 013.

Branch Office at 4th Floor, Loyal Towers, No.68/2, Greams Road, Chennai - 600 006.

Represented by its Associate-Legal Godson Vinokaran ... Applicant Vs.

1.M/s. Sri Gomathi Enterprises, Rep.by its Proprietor G. Gomathi Plot No.17. D.No.1/544, Sabari Nagar, Extn, 4th Cross Street, Mugalivakkam, Chennai - 600 125.

2.S. Govindan Plot No.17. D.No.1/544, Sabari Nagar, Extn, 4th Cross Street, Mugalivakkam, Chennai - 600 125.

3.G. Gomathi Plot No.17. D.No.1/544, Sabari Nagar, Extn, 4th Cross Street, Mugalivakkam, Chennai - 600 125.

... Respondents Application praying that this Hon'ble Court be pleased to direct the respondents to furnish security to the tune of Rs.34,80,679.07/- or such sum as this Hon'ble Court directs within such time that this Hon'ble Court may stipulate along with an order of conditional attachment and in default of the respondent to do so, to order attachment as 2nd charge holder of the property morefully described in the schedule to the petition through the District Court, Kancheepuram till enforcement of the award. This Application coming on this day before this court for hearing the court made the following order:

Considering the fact that the arbitration proceedings have been commenced in the matter, the application is closed giving liberty to the applicant to approach the Arbitral Tribunal for the interim reliefs. Sd/.P.T.A.J.

11.11.2020 //Certified to be a true copy// Dated this the th day of 2020. Su.29.12.2020 COURT OFFICER(O.S.) From 25.09.2008 the Registry is issuing certified copies of the Order/Judgment Decree in this format.