M s Hdb Financial Services Limited v. M s Divya Enterprises Rep by its Proprietor C M Divyajothi
Case brief
What is this about?
Madras High Court; Arbitration Application Nos. 166, 167, 170, 173, 313, 314 of 2025; Abdul Quddhose J.; 09.06.2025; HDB Financial Services Limited; Divya Enterprises; Cauvery Crusher; Lakshmangowda H K; Lakshman Gowda H K; Divyajothi C M; Divya Jothi C M; Order XIV Rule 8 Original Side Rules; Section 9(ii)(d) & (e) Arbitration and Conciliation Act 1996; Section 17 Arbitration and Conciliation Act 1996; appointment of Advocate Commissioner; seizure and repossession of financed vehicles and construction equipment; Tata Motors Signa 2823; Komatsu Hydraulic Excavator PC130-7 and PC210; Atlas Copco Air Roct D 35; police aid; break open premises; amicable settlement failed; three of six vehicles repossessed, three untraceable; applications closed; liberty to file Section 17 applications or Execution Petitions; no costs.
What did the court decide?
All six Arbitration Applications closed, with liberty granted to the applicant to seek repossession of the vehicles either before the Arbitrator under Section 17 of the Arbitration and Conciliation Act, 1996 or in Execution Petition(s) to be filed against the respondents; no costs.