Cholamandalam Investment and Finance Co Ltd v. Ashvanee Krashnnandan

O R D E R When the matter came up for hearing on 11.02.2026, this Court passed the following order: Page2 of 4 " This application has been filed under Section 9 of the Arbitration and Conciliation Act, 1996, [for brevity 'the Act'] for appointment of a receiver to seize and deliver the vehicle from the respondent to the applicant, if necessary, with police protection and by breaking open the premises.

¶2Heard Mr.D.Pradeep Kumar, learned counsel for applicant and carefully perused the materials available on record.

¶3The respondent availed financial facilities from the applicant and they entered into an agreement on 07.11.2020. The total agreement value is Rs.3,60,000/-, which is payable in 32 monthly instalments starting from 28.11.2020 ending with

28.06.2023. The respondent also entered into a Supplemental Agreement dated 31.01.2023 and availed a sum of Rs.3,60,000/-, which is payable in 29 monthly instalments starting from

28.02.2023 ending with 28.06.2025. Since the respondent did not repay the amount, arbitration proceedings were initiated and an award was passed on 09.08.2024. As on 10.01.2026, sum of Rs.1,33,727.83 and Rs.6,65,305/- is due and payable.

¶4The specific case of the applicant is that till date, the award has not been challenged. The applicant is also not able to take possession of the vehicle. It is under these circumstances, the present application has been filed before this Court.

¶5Accordingly, Mr.Sourav Sikarwar, Branch Receivables Manager, is appointed as the receiver and the receiver is permitted to seize the vehicle from the respondent or wherever it is found and by breaking open the premises, if required with police assistance.

¶6Notice to the respondent returnable by 27.02.2026. Page3 of 4 Private notice is also permitted. List this application on 27.02.2026."

¶2Notice has been served on the respondent and affidavit of service has also been filed. The name of the respondent has also been printed in the cause list. However, there is no appearance either in person or through counsel.

¶3Learned counsel for applicant submitted that the subject vehicle is yet to be seized.

¶4In view of the aforesaid submission, the order passed by this Court on

11.02.2026 is made absolute. Accordingly, this application is disposed of. 11-06-2026 Index: Yes/No Speaking/Non-speaking order Maya Page4 of 4

K.KUMARESH BABU, J. Maya Dated : 11-06-2026

Page1 of 4 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 11-06-2026 CORAM THE HON'BLE MR.JUSTICE K.KUMARESH BABU M/s.Cholamandalam Investment and Finance Company Limited, Chola Crest, C54-55 & Super B – 4, Thiru-vi-ka Industrial Estate, Guindy, Chennai – 600 032, Represented by its Authorised Signatory. ..Petitioner(s) Vs Ashvanee Krashnnandan, S/o.Krashnnandan, Shukla Colony, Sabalgarh, Morena, In front of Post Office, Sabalgarh, Madhya Pradesh - 476 229. ..Respondent(s) Arbitration Application under Order XIV Rule 8 of Original Side Rules r/w Section 9 (1) (ii) (a) (b) (d) & (e) of the Arbitration and Conciliation Act, 1996, praying to appoint employee of the applicant viz., Mr.Sourav Sikarwar, Branch Receivables Manager, as Receiver to seize and take possession of the vehicle which is more fully described in the schedule to the Judges Summons which is lying in the custody of respondent or respondent's men, agents, servants from respondent premises or wherever found with police and break open of premises, if necessary. For Applicant : Mr.D.Pradeep Kumar