Allowed
M/s. Cholamandalam Investment v. Mr Vijayakumar D
Madras HCA/8499/2017
Case brief
AI extract
What is this about?
The applicant, a finance company, sought appointment of a receiver to seize a tractor due to loan default. The court allowed the application based on an enforceable arbitration award and outstanding dues, directing notice to the respondent.
What did the court decide?
Appointment of Mr. Vivekanandan as receiver to seize and take possession of the vehicle; notice to respondent to be served through Court and privately.