Veridas Finance Limited v. Maheswaran S
DATED: 01-12-2025
CORAM
THE HONOURABLE Mr. JUSTICE N. ANAND VENKATESH Veridas finance limited Rep.by its Assistant Manager Antony Raj, Thiru Vi Ka Industrial Estate, Guindy, Chennai 600 004.
Applicant(s) Vs
1. Maheswaran S (Borrower) 2.Kalaiselvi M (Co Borrower) Respondent(s) PRAYER To appoint an Advocate Commissioner to take custody of the vehicle being RENAULT DUSTER RXE DCI BS IV bearing Chassis NO. MEEHSRAW5D4018231, fitted with Engine No.E019344 and Registered as TN 67 AP 0007, from the Respondent or wherever it is found and deliver it to the applicant with liberty to sell and to permit the Advocate Commissioner to obtain police aid and to break open the premises within which the said vehicle is lying.
For Applicant(s):
Mr.R.Prathapkumar
ORDER
This application has been filed under Section 9 of the Arbitration and Conciliation Act, 1996, for appointment of a Receiver to seize the subject
vehicle in the custody of the respondent or wherever found, if necessary, with police protection and by breaking open the premises and deliver the same to the applicant.
N. ANAND VENKATESH, J.
gya 2.When the application came up for hearing on 27.10.2025, this Court, on carefully going through the averments made in the affidavit filed in support of the application, thought it fit to order notice to the respondent to ascertain as to whether the respondent will be willing to settle the dispute. 3.When the matter was taken up for hearing today, affidavit of service has been filed and it is seen that the private notice sent to the respondent has been duly served. Though the respondent has been served, there is no appearance either in person or through counsel. The whereabouts of the subject vehicle is also not known. Hence, the apprehension of the applicant that the respondent is attempting to secret the construction equipment is prima facie established. 4.In view of the above, Mr.P.Jagadheesan, Area Business Manager of the Applicant, is appointed as Receiver for seizing the subject vehicle from the respondent or wherever it is found and by breaking open the premises, if required, with police aid.
This application is disposed of in the above terms. gya 01-12-2025 To 1.Maheswaran S
70B, Muniyammal Thottam, Madhampatti Road, Thondamuthur, Coimbatore.
2.Kalaiselvi M 70B, Muniyammal Thottam, Madhampatti Road, Thondamuthur, Coimbatore.