This court closed a pending application regarding the seizure of a vehicle by a receiver, issuing an interim direction against alienation of the asset during arbitration proceedings without court directions.
The vehicle shall not be alienated/altered/encumbered by the applicant during arbitration proceedings without obtaining suitable directions.
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1
Application No.1162 of 2017
DR.ANITA SUMANTH,J.
By order, dated 28.02.2017, this Court appointed Mr.Prasanna B.T.,
Legal Executive of the applicant company as a Receiver, to seize and possess the vehicle in question.
the vehicle, it is today represented by the learned counsel appearing for the applicant that the asset has been seized and handed over to the applicant company by the Receiver. He would also submit that reference letter has already been sent. The statement is recorded.
2
DR.ANITA SUMANTH,J.
vga
from the Arbitrator. Needless to say, as and when an award is passed, the parties shall be at liberty to proceed as per law.
vga 09.06.2017
Application No.1162 of 2017
applicant
respondent
DR.ANITA SUMANTH
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
