Cholamandalam Investment And Finance Co. Ltd. v. Thasleem K
Case brief
What is this about?
Madras High Court, Arb. Application No.119 of 2026, decided 24-03-2026 by Justice Senthilkumar Ramamoorthy. Keywords: Section 9 Arbitration and Conciliation Act 1996 interim relief; appointment of receiver; Cholamandalam Investment and Finance Co. Ltd.; NBFC vehicle loan default; borrower Thasleem K; Section 21 notice; respondent absent/unrepresented; Mr. Sabu K Area Legal Manager appointed receiver; seizure and possession of financed vehicle; Judge's summons schedule; police protection and break open of premises; Order XIV Rule 8 Original Side Rules; sale of vehicle only on arbitral tribunal orders; application disposed.
What did the court decide?
Appointment of Mr. Sabu K., Area Legal Manager (employee of the applicant), as receiver to seize and take possession of the vehicle described in the schedule to the Judge's summons, with liberty to seek and obtain police protection including breaking open the respondent's premises if necessary; any sale of the vehicle only after orders from the arbitral tribunal.