Allowed
Aditya Birla Finance Limited v. Vineeta Teresa Job Thomas
Bombay HCARBP/284/2024
Case brief
AI extract
What is this about?
The High Court, in an arbitration petition under Section 9 of the Arbitration and Conciliation Act 1996, granted ad interim relief order directing the respondent to file an affidavit disclosing assets and receivables within two weeks. The court found a prima facie case based on the uncontroverted default in loan repayment under the Loan Agreement dated 30th November 2022. The order commands the respondent to disclose movable and immovable assets, bank account details, and debts payable to third parties pending the disposal of the arbitration proceedings.
What did the court decide?
Respondent ordered to file affidavit disclosing assets and receivables within 2 weeks.