Indusind Bank Ltd v. Jayaprakash S.Subramanian,

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED : 07.07.2020 CORAM :

THE HONOURABLE MR. JUSTICE N.SATHISH KUMAR Application No.8378 of 2018 M/s. Indusind Bank Ltd., Rep. by its Chief Manager-Legal, A Ganesh Kumar having office at No.115 & 116, G.N.Chetty Road, T.Nagar, Chennai - 600017.

... Applicant Vs.

Jayaprakash S Subramanian ... Respondent PRAYER : Petition filed under Order XIV Rule 8 of O.S.Rules R/W Section 9 (2) (a) (b) (d) & (E) of the Arbitration and Conciliation Act, 1996 to appoint Advocate Commissioner to seize and deliver the HYUNDAI CRETA CRDI 1.4 S PLUS DIESEL bearing Chassis No.MALC281RLHM247639 Engine No.D4FCHM327080 and TN 19 AZ 3111 to the custody of the applicant, available at the respondent premises or wherever found and with whomsoever it is found and permit the Advocate Commissioner to obtain Police aid and to break open the premises.

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For Applicant :

M/s.Meera Gnanasekar For Respondent :

Mr.B.R.Raja Advocate Commissioner

O R D E R

This Court had appointed one Mr.B.R.Raja as Advocate Commissioner to seize and possess the vehicle, which is morefully described in the schedule to the Judges Summons.

2. Today, when the matter was taken up through video conferencing, the learned counsel appearing for the applicant submitted that the vehicle could not be secured and sought for extension of time for execution of order by the Receiver and submitted that further time of four weeks may be granted to repossess the vehicle. Accordingly, time is extended finally for a period of four weeks from the date of receipt of a copy of this order, failing which the Order granting power to repossess the vehicle shall automatically stand cancelled.

3. With the above direction, the application is closed. 2/4

07.07.2020 Index : Yes/ No Internet : Yes Speaking/Non-speaking Order sni N.SATHISH KUMAR, J.

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