Prem Singh And ANR v. M/S G.E. Money Financial Services Pvt Ltd And ANR

IN THE HIGH COURT FOR THE STATES OF PUNJAB AND HARYANA AT

CHANDIGARH C.R. No.3537 of 2015 Date of Decision.25.05.2015 Prem Singh and another .......Petitioners

Versus

M/s G.E. Money Financial Services Pvt. Ltd. and another ......Respondents

Present:

Mr. Naveen Sharma, Advocate for the petitioners.

CORAM:HON'BLE MR. JUSTICE K. KANNAN 1.

Whether Reporters of local papers may be allowed to see the judgment ?

2.

To be referred to the Reporters or not ?

3.

Whether the judgment should be reported in the Digest? -.- K. KANNAN J. (ORAL) 1.

Any application filed under Section 34 of the Arbitration and Conciliation Act itself operates a stay. There is no necessity for approaching this Court for grant of stay. The petitioner may inform the Executing Court that an application under Section 34 of the Arbitration and Conciliation Act has been filed and seek for appropriate orders and if any order is passed further thereon prejudicial to him, the petitioner may resort to revision. The petitioner will not approach this Court to complain that the Court is going for further process in execution even before inviting an order to be passed on objection that is always possible for the petitioner to take before the Executing Court that in view of the pendency of application under Section 34 no further process in execution could be carried through.

2.

The revision petition is disposed of.

(K. KANNAN) JUDGE May 25, 2015 Pankaj* PANKAJ KUMAR 2015.05.26 15:46 I attest to the accuracy and integrity of this document