Dr P Balabasker v. M/S Sundaram Finance Limited
Arb Appln NO. 888 of 2024
IN THE HIGH COURT OF JUDICATURE AT MADRAS
DATED: 17-12-2024
CORAM
THE HONOURABLE MR JUSTICE P.B. BALAJI Arb Appln NO. 888 of 2024 AND ARB APPLN NO. 889 OF 2024,OA NO. 985 OF 2018 Dr P Balabasker S/o.Dr.R.Padmanabhan, No 15 A Rathinammal Street Rangarajapuram Kodambakkam Chennai 600024No 15 A Rathinammal Street Rangarajapuram Kodambakkam Chennai 600024 and another Appellant(s) Vs M/s Sundaram Finance Limited rep.by its Senior Manager - Legal No.21, Patulous Road, Chennai 600 002.No 15 A Rathinammal Street Rangarajapuram Kodambakkam Chennai 600024 Respondent(s) Arb Appln NO. 889 of 2024 Dr P Balabasker No 15 A Rathinammal Street Rangarajapuram Kodambakkam Chennai 600024 Applicant(s) Vs M/s Sundaram Finance Limited No 15 A Rathinammal Street Rangarajapuram Kodambakkam Chennai 600024 Respondent(s) OA NO. 985 of 2018 Sundaram Finance Limited Rep.by its Senior Manager(Legal), No.21, Pattulos Road, Chennai600 002.
Applicant(s) Vs Dr.P.Balabasker Rep.by its Senior Manager(Legal), No.21, Pattulos Road, Chennai600 002. and another Respondent(s) Arb Appln NO. 888 of 2024 For Appellant(s):
M/S.M Akshayaa M Akshayaa For Respondent(s): Mr.R.Uma Shankar for M/s.Sri & Shankar Associates.
ORDER
Heard Ms.M.Akshaya, learned counsel for the Applicant and Mr.R.Uma Shankar, learned counsel for the respondent, M/s.Sundaram Finance Limited.
2. These Applications have been filed to permit the Applicants to deal with schedule mentioned properties and consequently, direct the Sub Registrar, Joint Sub Registrar No.2, Central, Chennai to register the documents executed by the second Applicant, or by any person on behalf of the applicants. The specific contention of the leaned counsel for the Applicant is that on 31.07.2024, the Applicant has settled the entire dues of the respondent and the same is also evidenced by a letter dated 31.07.2024. 3.Mr.R.Uma Shankar, learned counsel for the respondent also fairly submits that the loan amount has been settled and they have no objection for the Applications being ordered as prayed for.
4. It is seen that an undertaking was given by the Applicant before this Court and the same has also been communicated to the Sub Registrar Central, Chennai. Therefore, in view of the settlement, the said undertaking of the Applicant is recalled and consequently, the Applicant is permitted to execute and register documents.
5. In view of the disputes settled between the parties, there is no impediment for registration of documents by the Applicant. Accordingly, this Application is ordered.
6. Registry is directed to communicate the order to the Sub Registrar, Joint Sub
Registrar No.2, Central, Chennai at the cost of the Applicant.
17-12-2024 Note: Issue order copy on 20.12.2024.