Cholamandalam Investment And Finance Co. Ltd. v. Purushottam Singh Raina
Case brief
What is this about?
Appointment of party receiver in vehicle-finance default; Cholamandalam Investment and Finance Company Limited v. Purushottam Singh Raina; Madras High Court; Arb Appln 787 of 2026; K. Kumaresh Babu, J.; ex parte order after notice refused; seizure of Ashok Leyland 3718 IL truck (Regn. CG04HY1974) with police aid, SHO/SP assistance, break-open safeguards; return of vehicle on clearance of EMIs/dues; arbitration application disposed on 01-07-2026.
What did the court decide?
Application disposed of by appointing Mr.Alok Sharma, Area Receivables Manager (employee of the applicant), as Party Receiver to seize and take possession of the vehicle Ashok Leyland 3718 IL (Engine No.FWPZ125377, Chassis No.MB1NACFC6FPWP0117, Registration No.CG04HY1974) from the respondent or wherever found, with police aid and break-open facility as directed; asset to be returned if respondent pays outstanding installments/dues.