Allowed
M/s.Cholamandalam Investment and Finance Company Limited v. Tuppagudem Ramreddy and another
Madras HCArb Appln/230/2022
Case brief
AI extract
What is this about?
In this arbitration application, the lender sought to restore an earlier order attaching an immovable asset of the second respondent after borrowers allegedly settled their loan accounts. The single-judge bench held that notice to borrowers was dispensed with and allowed the application.
What did the court decide?
The application to raise the attachment was allowed; a copy of the order to be transmitted to the SRO.