The court dismissed the application for security and attachment as withdrawn by the applicant's counsel pursuant to Section 17(9) of the Arbitration and Conciliation Act, 1996.
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IN THE HIGH COURT OF JUDICATURE AT MADRAS
(ORDINARY ORIGINAL CIVIL JURISDICTION)
WEDNESDAY, THE 17TH DAY OF NOVEMBER 2021
THE HON'BLE MR. JUSTICE ABDUL QUDDHOSE
Arb.Appln.No.68 of 2021
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.Saranraj N. & another Arising under Loan Agreement No.XVFPKUR00002621404 Dated 25.10.2018.
M/s.Cholamandalam Investment and Finance Company Limited, No.45, Justice Basheer Ahmed Sayeed Building, IInd Floor, 2nd Line Beach, Moore Street, Parrys, Chennai – 600 001. Represented by its Authorised Signatory.
... Applicant
-Versus-
1.Mr.Saranraj.N, S/o Nallusamy, No.5/59, Valliyappampalayam, Near Bus Stop, Kuppchipalayam, Manmangalam, Karur, Tamil Nadu – 639 116.
2.Mr.Nallusamy M. S/o Marappagoundar,
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No.5/59, Valliyappampalayam, Near Bus Stop, Kuppchipalayam, Manmangalam, Karur, Tamil Nadu – 639 116. ... Respondents
Arbitration Application praying that this Hon'ble Court be pleased to direct the Respondents to furnish security for the sum of Rs.1,76,826/within a time fixed by this Hon'ble Court failing which to order attachment of the immovable properties morefully described in the Schedule to the Judges Summons pending initiation and disposal of arbitration between the Applicant and the Respondents and till enforcement of the award that may be ultimately passed in the arbitration proceedings and a copy of the attachment order be transmitted through the Principal District Judge, karur and the attachment order may be hand delivered to the applicant for transmission.
This arbitration application coming on this day before this court for
hearing the court made the following order:
Mr.N.Santhosh Nagarajan, learned counsel for the applicant seeks permission of this Court to withdraw this application. The said submission is recorded.
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Sd/.A.Q.J 17.11.2021
//Certified to be a true copy//
Dated this the th day of 2021.
SU/24.11.2021 COURT OFFICER(O.S.)
From 25.09.2008 the Registry is issuing certified copies of the Order/Judgment Decree in this format.
M/s. Cholamandalam Investment and Finance Company Limited
Mr. Saranraj N.
Mr. Nallusamy M.
Abdul Quddhose
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
