Cholamandalam Investment And Finance Co Ltd v. Mohansinh Chhaganlal Rajapurohit

A.No. 8266 of 2018 A.No. 8266 of 2018 N.SATHISH KUMAR, J.

This application has been filed to direct the respondents to furnish security to the tune of Rs.13,76,201.23/- failing which to order attachment of the properties morefully described in the schedule to the Judges summons till enforcement of the award passed in the arbitration proceedings.

2. This Court by an Order dated 28.08.2020 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 respondent.

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. 01.10.2020 msv http://www.judis.nic.in 1/2

A.No. 8266 of 2018 N.SATHISH KUMAR, J.

msv A.No.8266 of 2018 01.10.2020 http://www.judis.nic.in 2/2