Axis Bank Ltd. v. Saravanan Samy
Case brief
What is this about?
Madras HC, Abdul Quddhose J., 09.06.2025; Arbitration Application No. 501 of 2025; Axiz Bank Limited v. Saravanan Samy; Section 9 Arbitration and Conciliation Act 1996; Order XIV Rule 8 Original Side Rules; Advocate Commissioner; Warrant of Commission; additional remuneration refused; vehicle not repossessed; respondent non-compliance with conditional order dated 24.03.2025; room rent and transportation charges borne by applicant; Rs.10,000/- payable within two weeks; hypothecated motor car TN49CC3328 Kia Sonet D1.5 6MT HTK PLUS; loan contract regularised; application closed with liberty to file fresh application on future default.
What did the court decide?
Application closed; liberty granted to the applicant to file a fresh application seeking appointment of an Advocate Commissioner in case of future default in repayment of the loan; applicant directed to pay Rs.10,000/- to the Advocate Commissioner within two weeks.