Cholamandalam Investment And Finance Co. Ltd. v. M/s Shakmbhri Polymers Prop Mr Gauri Shankar Sharma
Case brief
What is this about?
Madras High Court order dated 19-08-2025 in Arb Appln No. 491 of 2025 (Justice Abdul Quddhose): financier Cholamandalam Investment And Finance Co Ltd sought an advocate commissioner with police aid to seize equipment held by respondents Shakmbhri Polymers (Gauri Shankar Sharma) and Renu Sharma; application closed after recording that the loan contract was regularised and equipment would be returned; Rs.30,000/- additional remuneration payable to the Advocate Commissioner within two weeks; liberty to file fresh application on default. Keywords: advocate commissioner, seizure of equipment, police aid, break open premises, Judges Summons, loan regularisation, undertaking recorded, application closed.
What did the court decide?
Application closed after recording the undertaking that the loan was regularised and the equipment will be returned to the respondents; the seizure prayer was not executed. Applicant directed to pay Rs.30,000/- additional remuneration to the Advocate Commissioner within two weeks; liberty reserved to file a fresh application for the same relief upon default in repayment by the respondents.