Disposed
Cholamandalam Investment And Finance Co. Ltd. v. Rajaram Madhukar Raut
Madras HCArb Appln/110/2026
Case brief
AI extract
What is this about?
A non-banking financial company sought appointment of its employee as receiver to seize a vehicle financed for a defaulting borrower under Section 9 of the Arbitration Act. The respondent refused notice. The Court appointed the employee as receiver with police aid if needed, but required arbitral tribunal orders before any sale.
What did the court decide?
Applicant's employee appointed as receiver to seize and take possession of the scheduled vehicle; police protection permitted; sale only after arbitral tribunal orders.