Court closed an application for appointment of a receiver to seize a vehicle under a loan agreement. It noted that after the asset was seized, an amicable settlement occurred and returned the vehicle to respondents.
Application closed; no further order on appointment of receiver or execution of warrant.
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IN THE HIGH COURT OF JUDICATURE AT MADRAS
(ORDINARY ORIGINAL CIVIL JURISDICTION)
THURSDAY, THE 08TH DAY OF JULY 2019
THE HON'BLE MRS. JUSTICE PUSHPA SATHYANARAYANA
A. No.1617 of 2019
In the matter of Arbitration & Conciliation Act 1996 And In the matter of Loan cum Hypothecation Agreement and dispute between M/s. HDB Financial Services, and Mr.Venugopal R - Loan No. 1161791 Dated 24.10.2015. M/s. HDB Financial Services Limited, Registered Office at Radhika, 2nd Floor, Law Garden Road, Navrangpura, Ahmedabad - 380 009 Corporate Office at Process House, 2nd Floor, Kamala Mills Compound, Lower Parel, Mumbai 400 013 Branch Office at 4th Floor, Loyal Towers, No.68/2, Greams Road, Chennai 600 006 Represented by its Associate-Legal Mr.Godson Vinokaran :Applicant Vs. 1. Mr.Venugopal R S/o. Raghavan Nair Krishna (H), Udayanapuram PO, Vaikom, Kottayam, Kerala 686143. 2. Mr.Lalu B S/o. Venugopal Krishna (H), Udayanapuram PO, Vaikom, Kottayam, Kerala 686143. : Respondents
Application praying that this Hon'ble Court be pleased to appoint a receiver namely Mr.Aneesh M N of the applicant to seize and deliver the vehicle Swaraj Mazda Super, Registered No. KL701962, Chassis No. MBUZT54XAY0181797, https://hcservices.ecourts.gov.in/hcservices/ Engine No. SLT3AY175469 available at the respondent's premises or wherever found and permit the receiver namely
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Mr.Aneesh M N of the applicant to obtain police aid and to break open the premises.
This Application coming on this day before this court for hearing the court made the following order:
By order dated 01.03.2019, this Court appointed Mr.Aneesh M N, as Receiver, to seize and possess the vehicle in question.
possession of the vehicle, there was an amicable settlement between the parties and the vehicle was returned back to the respondents.
//Certified to be a true copy// Dated this the day of 2019.
From 25.09.2008 the Registry is issuing certified copies of the Order/Judgment Decree in this format.
M/s. HDB Financial Services
Mr. Venugopal R
Mr. Lalu B
Pushpa Sathyanaarayana
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
