Allowed
L and T Finance Ltd. v. Arihant Marbles and 2 Ors.
Bombay HCCHS/79/2011
Case brief
AI extract
What is this about?
Allowed a Chamber Summons petition under Section 9 of the Arbitration Act, 1996 to appoint a Court Receiver for hypothecated equipment. Since Respondents refused to act as agents and equipment was in Petitioner's possession, the Court appointed the Petitioner as the Court Receiver's agent subject to payment of costs.
What did the court decide?
Chamber summons allowed appointing Court Receiver and Petitioner as agent of the Receiver subject to payment of expenses.