The applicant sought security for arbitration proceedings. Counsel applied to withdraw the application, resulting in its dismissal as withdrawn.
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IN THE HIGH COURT OF JUDICATURE AT MADRAS
(ORDINARY ORIGINAL CIVIL JURISDICTION)
THURSDAY, THE 05TH DAY OF SEPTEMBER 2019
THE HON'BLE MRS. JUSTICE PUSHPA SATHYANARAYANA
A. No.2526 of 2019
In the matter of Arbitration & Conciliation Act, 1996 and In the matter of – Arbitration of dispute between – Mr.Punniyavel-Loan Agreement No.VIPR2TF1608310005 dated 31.08.2016.
M/S.SHRIRAM CITY UNION FINANCE LTD., HAVING ITS REGISTERED OFFICE AT NO.12, RAMASAMY STREET, T.NAGAR, CHENNAI REP.BY ITS AUTHORIZED SIGNATORY MRS.E.RAMYA ..Applicant -vsMR.S.PUNNIYAVEL, S/O.Mr.SHANMUGAM NO.29 INDHIRANI STREET, RATION SHOP, VANDIMEDU, VILLUPURAM - 605 602. ..Respondent
Application praying that this Hon'ble Court be pleased to pass an order directing the respondent to furnish security to the tune of Rs.32,50,181/- or such as this Court may direct within such time that this court may stipulate and in case of default to do so order sale of the property of the respondent morefully described in the schedule to the Judges Summons and to deposit the sale proceeds into this court to th credit of the above application pending initiation, disposal of the arbitration https://hcservices.ecourts.gov.in/hcservices/ proceedings and the enforcement of the award.
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This Application coming on this day before this court
for hearing the court made the following order:
Learned counsel appearing for the applicant seeks permission of this Court to withdraw this application and has also made an endorsement to this effect. Accordingly, this application is dismissed as withdrawn.
Sd/.P.S.N.J.
05.09.2019
//Certified to be a true copy//
Dated this the day of 2019.
SU/12.11.2019 COURT OFFICER
From 25.09.2008 the Registry is issuing certified copies of
the Order/Judgment Decree in this format.
M/S.SHRIRAM CITY UNION FINANCE LTD.
MR.S.PUNNIYAVEL
PUSHPA SATHYANARAYANA
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
