Dismissed¶23

Sundaram Finance Ltd. v. C5 Engineering Pvt. Ltd.

Madras HC7 Apr 2026Arb Appln/414/2026

Case brief

AI extract

What is this about?

Keywords: Sundaram Finance Ltd; C5 Engineering Pvt Ltd; Chennadi Sushant; Chennadi Veena; Arb Appln No. 414 of 2026; Madras High Court; Senthilkumar Ramamoorthy J.; Section 9 Arbitration and Conciliation Act 1996; Order XIV Rule 8 O.S. Rules; interim relief; appointment of Receiver; seizure of financed vehicle; Eicher Pro 2080XP; Reg. No. TS 22 TA 2492; police aid; break open premises; settled out of court; dismissed as withdrawn; no order as to costs.

What did the court decide?

Taking note of the out-of-court settlement communicated by the applicant's counsel and the endorsement made for withdrawal, this Court dismissed the arbitration application as withdrawn, without any order as to costs. No merits of the Section 9 receiver-relief prayer were adjudicated. ¶23

Sundaram Finance Ltd. Vs C5 Engineering Pvt. Ltd. — Arbitration | Madras HC (2026)

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Arb Appln No. 414 of 2026

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IN THE HIGH COURT OF JUDICATURE AT MADRAS

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DATED: 07-04-2026

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CORAM

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THE HONOURABLE MR JUSTICE SENTHILKUMAR RAMAMOORTHY

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Arb Appln No. 414 of 2026

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M/s. Sundaram Finance Ltd., No.21, Patullos Road, Chennai 600 002. Represented by its Authorised Signatory Mr.Thothathri R

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Appellant(s)

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C5 Engineering Pvt Ltd Rep.by its Director Mr.Chennadi Sushant, Plot No.270/A, Fourth Floor, Padmaja Towers, Road No.12, MLA Colony, Banjara Hlls, Hyderabad 500 034.

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2.Chennadi Sushant S/o. Chennadi Sudhakar Rao 8-2-693/82/C, Plot No. 316/A, MLAs Colony, Road No. 12, Banjara Hills, Hyderabad 500034.

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3.Chennadi Veena W/o. Chennadi Sudhakar Rao 8-2-693/82/C, Plot No. 316/A, MLAs Colony, Road No. 12, Banjara Hills, Hyderabad 500034.

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Respondent(s)

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https://www.mhc.tn.gov.in/judis

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2 Arb Appln No. 414 of 2026

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PRAYER

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Arbitration application filed under Order XIV Rule 8 of O.S.Rules r/w Section 9(ii)(d) & (e) of the Arbitration and Conciliation Act, 1996, to appoint Mr.Asnvs Anil Kumar, Senior Branch Manager of the Applicant as a Receiver to seize and deliver the asset Eicher Pro 2080XP G Cb and Hsd BSVI Vehicle bearing Reg.No.TS 22 TA 2492, Engine No.E44CDNL050516 and Chassis No.MC2ELGRCOPA24325 available at the Respondent premises or wherever found and permit the receiver to obtain police aid and to break open the premises.

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For Appellant(s): Mr.M.Arunachalam

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For Respondent(s): Ms.S.Preethi

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ORDER

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Ms.S.Preethi, learned counsel, enters appearance on behalf of the respondents. The learned counsel for the applicant submits that the matter was settled out of Court. Therefore, he submits that he has been instructed to withdraw the application. He has made an endorsement for that purpose.

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2.Taking note of the same, this application is dismissed as withdrawn without any order as to costs.

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07-04-2026

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Index:No Speaking order Internet:Yes Neutral Citation:No kp

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https://www.mhc.tn.gov.in/judis

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Arb Appln No. 414 of 2026

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