Axis Bank Ltd. v. Shiju Mathew
Case brief
What is this about?
Axis Bank Ltd v. Shiju Mathew — Madras High Court, Arb Appln No. 862 of 2025, decided 09-09-2025 by N. Anand Venkatesh J. Section 9 Arbitration and Conciliation Act application by financier bank for appointment of an Advocate Commissioner to seize a financed vehicle (TATA CAT CNEXON XZ, Reg.No.KL07CR1849, Chassis No.MAT627163JLD20459) from the borrower/respondent, with liberty to sell, police aid and power to break open premises. Application closed on recording counsel's statement that the amount has been settled; no costs; no relief granted; no case law discussed.
What did the court decide?
Recording the submission of learned counsel for the applicant that the amount has been settled, the application is closed with no costs; the merits of the Section 9 relief were not adjudicated. ¶20