Cholamandalam Investment And Finance Co Ltd v. Nithin M P S/O.Mathai

A.No.9451 of 2018 PUSHPA SATHYANARAYANA, J.

By order dated 07.12.2018, this Court appointed Mr.D.Balachandran, as Advocate Commissioner, to seize and possess the vehicle in question.

2. Pursuant to the above warrant of commission issued by this Court, it is represented today by the learned counsel appearing for the applicant that the subject asset has been seized on 08.05.2019 and handed over to the applicant company by the Advocate Commissioner. He would also confirm that proceedings for arbitration in connection with the transaction relating to the aforesaid asset has been initiated and are pending. The statement is recorded.

3. Though notice has been served on the respondent and his name has been printed in the cause list, none appears on behalf of the respondent.

4. Since the warrant has been executed and the vehicle has been seized, a further sum of Rs.10,000/- (Rupees Ten Thousand only) is http://www.judis.nic.in

PUSHPA SATHYANARAYANA, J.

rsi directed to be paid by the applicant as additional remuneration within a period of two weeks from the date of receipt of a copy of this order. The Advocate Commissioner shall stand discharged.

5. In the above circumstances and since nothing further survives in this application, the same stand closed. However, it is made clear that the vehicle shall not be alienated/altered/encumbered without orders in this regard from the Arbitrator. Needless to say, as and when an award is passed, the applicant shall be at liberty to proceed as per law.

07.06.2019 rsi A.No.9451 of 2018 http://www.judis.nic.in