Madras High CourtA/10203/2018withdrawn dismissed

Cholamandalam Investment And Finance Co Ltd v. Ratilal M Savalia S/O.Mohan Bhai

2020-01-29Honourable Mr Justice M. Sundar2 pages

IN THE HIGH COURT OF JUDICATURE AT MADRAS

(ORDINARY ORIGINAL CIVIL JURISDICTION) WEDNESDAY, THE 29TH DAY OF JANUARY 2020 THE HON'BLE MR. JUSTICE M.SUNDAR A. No.10203 of 2018 In the matter of Arbitration & Conciliation Act, 1996 And In the matter of Disputes between M/s.Cholamandalam Investment and Finance Company Ltd. And Mr.RATILAL M SAVALIA Arising under Loan Agreement NO.XVFPSRT00002046879 Dated 19.07.2017.

M/s. Cholamandalam Investment and Finance Company Limited, 'Dare House', No.2.N.S.C Bose Road, Parrys, Chennai - 600 001.

Represented by its Authorised Signatory.

: Applicant Vs.

Mr.RATILAL M SAVALIA S/O.MOHAN BHAI D-303, SUNVELLY APARTMENT, SURAT, NANA VARACHHA, GUJARAT-395 006.

: Respondent Application praying that this Hon'ble Court be pleased to direct the respondent to furnish security for the sum of Rs.14,40,963.50/- within a time fixed by this Court failing which to order attachment of the immovable properties morefully described in the schedule to the Judges summons pending initiation and disposal of arbitration proceedings between the Applicant and the Respondent and till enforcement of the award that may be ultimately passed in the arbitration proceedings and a copy of the attachment order be transmitted through the DISTRICT COURT, SURAT, https://hcservices.ecourts.gov.in/hcservices/ GUJARAT and the attachment order maybe hand delivered to the applicant for transmission.

This Application coming on this day before this court for hearing the court made the following order: Counsel for applicant submits that he has instructions from the applicant to withdraw instant application and has made a suitable endorsement in the case file.

2. Endorsement is reiterated in the hearing.

3. In the light of endorsement and reiteration of the same, instant application is dismissed as withdrawn. Sd/.M.S.J.

29.01.2020 //Certified to be a true copy// Dated this the day of 2020.

SU/17.02.2020 COURT OFFICER From 25.09.2008 the Registry is issuing certified copies of the Order/Judgment Decree in this format.

https://hcservices.ecourts.gov.in/hcservices/