A Indira Vs Sundaram Finance Limited — Arbitration | Madras HC (2026)

A Indira Vs Sundaram Finance Limited — Arbitration | Madras HC (2026)

What the court decided

AI extract

Outcome

Application ordered as prayed for: the attachment order dated 19.03.2021 in I.A.No.83 of 2019 in Arbitration Case No.VKT/SF/85/2019 is to be raised; a copy of the order raising attachment is to be transmitted through the Principal District Court, Tiruvallur and communicated to SRO, Tiruvelangadu; no costs imposed; Registry directed to communicate the copy of this order to the Sub-Registrar, Tiruvelangadu, Tiruvallur District.

Issue for consideration

Whether the attachment ordered by the Arbitral Tribunal under Section 17 of the Arbitration and Conciliation Act, 1996 (order dated 19.03.2021 in I.A.No.83 of 2019 in Arbitration Case No.VKT/SF/85/2019) should be raised, given that the parties settled and resolved the dispute after the Award.

Court's answer

Recording that the parties settled and resolved the dispute after the Award, and that the respondent raised no objection, this Court ordered the Arbitration Application as prayed for — i.e., the Section 17 attachment dated 19.03.2021 stands raised — with no costs.

Detailed headnote1 paragraphs

Madras High Court — order dated 03-06-2026 by K. Kumaresh Babu, J., in Arb Appln No. 1011 of 2026 (Mrs.A Indira v. M/s.Sundaram Finance Limited): a Judge's Summon filed under Order XIV Rule 8 of the Original Side Rules read with Section 9(1)(ii)(e) of the Arbitration and Conciliation Act, 1996 sought raising of the attachment dated 19.03.2021 ordered under Section 17 of the Act by the Hon'ble Arbitral Tribunal in I.A.No.83 of 2019 in Arbitration Case No.VKT/SF/85/2019 over immovable property scheduled to the Judge's Summons, with transmission of the raising order through the Principal District Court, Tiruvallur to SRO, Tiruvelangadu. Counsel on both sides represented that after the Award the parties had settled and resolved their dispute, and the respondent had no objection; the Court recorded this and ordered the application as prayed for without costs, directing the Registry to communicate the order to the Sub-Registrar, Tiruvelangadu, Tiruvallur District.

Arb Appln No. 1011 of 2026

IN THE HIGH COURT OF JUDICATURE AT MADRAS

DATED: 03-06-2026

CORAM

THE HON'BLE MR.JUSTICE K.KUMARESH BABU Arb Appln No. 1011 of 2026

Mrs.A Indira

..Petitioner(s)

Vs

M/s.Sundaram Finance Limited Rep.by its Manager (Legal) 21, Patullos Road, Chennai 600 002.

..Respondent(s)

Judge’s Summon filed under Order XIV Rule 8 of Original Sie Rules read with Section 9(1)(ii)(e) of the Arbitration and Conciliation Act,1996, praying to raise the order of attachment dated 19.03.2021 in I.A.No.83 of 2019 in Arbitration Case No.VKT/SF/85/2019 on the file of the Hon’ble Arbitral Tribunal attaching the immovable property morefully described in the schedule to the Judge’s Summons and a copy of the order raising attachment be transmitted through the Principal District Court, Tiruvallur and communicated to SRO Tiruvelangadu.

For Petitioner(s): Mr.V Perumal For Respondent(s): Mr.D.Pradeep Kumar (Takes Notice)

ORDER

This Arbitration Application has been filed to raise the order of attachment dated 19.03.2021 in I.A.No.83 of 2019 in Arbitration Case

No.VKT/SF/85/2019 on the file of the Hon'ble Arbitral Tribunal attaching the

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Arb Appln No. 1011 of 2026

immovable property morefully described in the schedule to the Judges Summons and a copy of the order raising attachment be transmitted through the Principal District Court, Tiruvallur and communicated to SRO, Tiruvelangadu.

Mr.D.Pradeep Kumar, learned counsel, takes notice on behalf of the respondent.

An order of attachment had been made under Section 17 of the Arbitration and Conciliation Act, 1996 and thereafter, an Award had been passed.

It is the case of the learned counsel appearing on either side that, after the Award had been passed, the parties have settled the dispute and resolved the issues between themselves.

In view of the same, the learned counsel for the respondent would submit that there would be no objection for raising the order of attachment passed under Section 17 of the Arbitration and Conciliation Act.

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Arb Appln No. 1011 of 2026

Recording the same, this Arbitration Application stands ordered as

prayed for. No costs.

03-06-2026

Index: Yes/No Speaking/Non-speaking order Neutral Citation: Yes/No

Note : Registry is directed to communicate the copy of this order to the Sub-Registrar, Tiruvelangadu, Tiruvallur District.

kak

To

The Principal District Court, Tiruvallur.

2.The Sub-Registrar, SRO, Tiruvelangadu, Tiruvallur District.

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Arb Appln No. 1011 of 2026

K.KUMARESH BABU, J.

kak

Arb Appln No. 1011 of 2026

03-06-2026

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