Cholamandalam Investment v. Mr.Inamul hachan
Case brief
What is this about?
In an application under the Arbitration & Conciliation Act, 1996 seeking appointment of a receiver to seize a vehicle, the court noted the applicant had already repossessed the vehicle and concluded arbitration proceedings favored the applicant.
What the court decided
1
IN THE HIGH COURT OF JUDICATURE AT MADRAS
(ORDINARY ORIGINAL CIVIL JURISDICTION)
WEDNESDAY, THE 25TH DAY OF OCTOBER 2017
THE HON'BLE DR.JUSTICE ANITA SUMANTH
A.No.3510 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.Inamul Hachan Arising under Loan Agreement No. XVFPGWI00001442562 Dated 30.06.2015.
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 : Applicant
Vs.
Mr.Inamul Hachan S/o.Lutfur Rahman, Vill Musalman, Gaon, PS Tarabari, PO Chenga, Barpeta, Near Mazid, Assam – 781305 : Respondent
Application praying that this Hon'ble Court be pleased to appoint employee of the Applicant Viz. Ms.Rupam Kalita, ARM 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.
Parties & counsel
- applicant
M/s. Cholamandalam Investment and Finance Company Limited
- respondent
Mr. Inamul Hachan
Coram
Dr. Justice Anita Sumanth
Case details
As recorded by the court registry
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