Axis Bank v. Mr.Natarajan Palanisamy
Case brief
What is this about?
Madras High Court arbitration application closed - appointment of applicant's own employee as Receiver to repossess a vehicle refused on the ground of lack of neutrality; liberty given to seek an Advocate Commissioner instead. Applicant: Axis Bank Ltd. (advocate: Ms.RA.. Sivadhara Adiyaman); Respondents: Natarajan Palanisamy and another. Bench: Abdul Quddhose J. Decision date: 10.03.2025. Keywords: Receiver, repossession, vehicle, Advocate Commissioner, neutral person, Arb. Appln. No.113 of 2025.
What did the court decide?
The application seeking appointment of the applicant's own employee as Receiver was closed; liberty was given to the applicant to file a fresh application seeking for appointment of an Advocate Commissioner to repossess the vehicle instead of a Receiver, who is an employee of the applicant. ¶19