Allowed
Mr.C. Saravanan and Another v. Sundaram Finance Limited
Madras HCArb Appln/53/2023
Case brief
AI extract
What is this about?
The court allowed an application by the borrower and guarantor to lift an asset attachment order. Relying on a receipt confirming full and final settlement of the loan account by the applicants, the court quashed the encumbrance and directed the registry to delete the registration.
What did the court decide?
Arbitral application allowed; attachment order dated 25.02.2015 raised; Registry directed to delete encumbrance.