Application for interim injunction to restrain garnishee from releasing funds pending arbitration was withdrawn by the applicant. The court dismissed the application as withdrawn.
None; application dismissed as withdrawn.
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IN THE HIGH COURT OF JUDICATURE AT MADRAS
(ORDINARY ORIGINAL CIVIL JURISDICTION)
THURSDAY, THE 22ND DAY OF AUGUST 2019
THE HON'BLE MRS. JUSTICE PUSHPA SATHYANARAYANA
A. No.4049 of 2019
In the matter of Arbitration & Conciliation Act, 1996 And In the matter of Disputes between M/s Equitas Small Finance Bank Limited and M/s.Marina Medical Clinic others Arising under Loan Agreement Dated 29.12.2017 bearing Loan Agreement No.BLBRVLI0001704. M/s.Equitas Small Finance Bank Limited, 4th Floor, Phase-II, Spencer Plaza, 769, Anna Salai, Chennai, Tamil Nadu – 600 002. Represented by its Authorised Signatory, Mr.K.Siva Raja Pandian (Emp.No.36197) : Applicant Vs. 1.M/s Marina Medical Clinic, Rep by its Proprietor, Mr.Ravi Kumar, 23/8, Ground Floor, Madhuban Building, Cochin Street, Fort, Mumbai, Maharashtra – 400 001. : Borrower/Respondent – 1 2.Mr.Ravi Kumar S. Ravi, C-1, 6 Thames-1, Thames CHS, Godrej Hill, Kalyan West, Mumbai – 421 301. : Co-Borrower-1/ Respondent-2 3.Mr.Dilkash Rai, C-1, 6 Thames-1, Thames CHS, Godrej Hill, Kalyan West, Mumbai – 421 301. : Co-Borrower-2/ Respondent-3 4.The Manager, https://hcservices.ecourts.gov.in/hcservices/ Central Bank of India, Fort Branch, Murbad Road, Opp.Purnima Talkies,
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Kalyan (West) – 421 301. : Garnishee/Respondent-4
Application praying that this Hon'ble Court be pleased to pass an order prohibiting the Garnishee/Respondent 4 not to release any amount from the Account 3652309844 in the name of Marina Medical Clinic which is operated by the Respondent 1 to 3 up to sum of Rs.18,68,822/- and further direct Respondent/Garnishee 4 deposit up to the said amount before this Hon'ble Court to the credit of the above application pending initiation and disposal of arbitration proceedings between the Applicant and the Respondents and till enforcement of the award that may be ultimately passed in the arbitration proceedings.
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. He has also made an endorsement to that effect. Accordingly, this application is dismissed as withdrawn.
//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. Equitas Small Finance Bank Limited
M/s Marina Medical Clinic
Mr. Ravi Kumar
Mr. Ravi Kumar S. Ravi
Mr. Dilkash Rai
The Manager, Central Bank of India
Pushpa Sathyanarayana
As recorded by the court registry
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