The Court disposed of an application to appoint a receiver to seize a vehicle after it was reported that the asset had already been seized and handed over. The court noted arbitration proceedings were concluded with an award favorable to the applicant and closed the application.
The application was closed with nothing further surviving.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE HIGH COURT OF JUDICATURE AT MADRAS
(ORDINARY ORIGINAL CIVIL JURISDICTION)
TUESDAY, THE 24TH DAY OF OCTOBER 2017
THE HON'BLE DR. JUSTICE ANITA SUMANTH
A. No.3413 of 2017
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.Gurpreet Singh Arising under Loan Agreement No. XSHUBDA00001467928 Dated 11.08.2015.
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
Vs.
Mr.Gurpreet Singh S/o. Gursewak Singh Vill-Gurusar Saine, Wala, Distt Bathinda Punjab – 151 001.
Application praying that this Hon'ble Court be pleased to
appoint employee of the Applicant viz. Mr.Talwinder Singh, Branch Receivables Manager, as Receiver to seize and take possession of the vehicle which is more fully described in the schedule to the Judges summons which is lying in the custody of respondent or his men, agents, servants from his premises or wherever found with Police aid and break open of premises if necessary.
This Application coming on this day before this court for hearing the court made the following order:
By order, dated 05.07.2017, this Court appointed Mr.Talwinder Singh, Branch Receivables Manager, as Receiver, to seize and possess the vehicle in question.
Sd./- A.S.M.J.
24.10.2017
//Certified to be true copy//
Dated at Madras this the th day of 2017.
COURT OFFICER (O.S.)
TPY/14.11.2017
From 25th Day of September 2008 the Registry is issuing certified copies of the Orders/Judgments/Decrees in this format.
M/s. Cholamandalam Investment and Finance Company Limited
Mr. Gurpreet Singh
DR. JUSTICE ANITA SUMANTH
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
