Veritas Finance Limited Rep by Authorised Signatory Ms G Monika v. Saraswathi and Another

ORDER The present application has been filed to pass an order, to direct the Respondents to furnish security for the sum of Rs.16,92,440/- within a time fixed by this Hon'ble Court failing which to order attachment of the immovable property morefully described in the Schedule to the judges summons pending initiation and disposal of the arbitration proceedings between the Applicant and the Respondents and till enforcement of the award that may be ultimately passed in the arbitration proceedings and a copy of the attachment order to be transmitted through the District Court, Chengalpattu, and the attachment order may be hand delivered to the applicant for transmission.

¶2Heard Mr.A.Damodaran, learned counsel for the applicant.

¶3The Court notice that was attempted to be served on the first respondent had been returned with an endorsement "Gone to Out of Station". However, the Court notice had been served upon the 2nd respondent. The Affidavit of Service has been filed enclosing the acknowledgment card, indicating that the said private notice had been served upon the respondents.

¶4The present application had been taken out, seeking for a direction to direct the respondents to furnish security for a sum of Rs.16,92,440/- failing Page3 of 4 which, the Judge's Summons Schedule mentioned properties standing in the name of the first respondent be attached.

¶5It is to be noted that the respondents 1 and 2 are husband and wife, which is evidenced from the loan agreement that has been placed before this Court. The second respondent, being the husband and having received notice, had failed to respond either by being present in this Court or by engaging a counsel. His name has also been printed in the cause list. Hence, no reasons have been attributed as to why he should not be directed to furnish security.

¶6In such view of the matter, the application stands ordered prayed for. The schedule mentioned properties described in the Judge's Summons stand attached.

¶7This order shall be communicated to the Sub-Registrar Office, Chengalpattu through the District Court, Chengalpattu. 18-06-2026 kak To The District Court, Chengalpattu. Page4 of 4

K.KUMARESH BABU, J. kak 18-06-2026

Page1 of 4 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 18-06-2026 CORAM THE HON'BLE MR.JUSTICE K.KUMARESH BABU M/s.Veritas Finance Limited, SKCL Central Square 1, South North Wing, 7th Floor, Unit C28-C35, CIPET Road, Thiru-Vi-Ka Industrial Estate, Guindy, Chennai- 600 032. ..Applicant(s) Vs 1. Mrs.P.Saraswathi 2. Mr.K.Prakash ..Respondent(s) Judges Summons under Order XIV Rule 8 of O.S. Rules, read with Section 9 (2) b & e of the Arbitration and Conciliation Act of 1996, to pass an order, to direct the Respondents to furnish security for the sum of Rs.16,92,440/- within a time fixed by this Hon'ble Court failing which to order attachment of the immovable property morefully described in the Schedule to the judges summons pending initiation and disposal of the arbitration proceedings between the Applicant and the Respondents and till enforcement of the award that may be ultimately passed in the arbitration proceedings and a copy of the attachment order to be transmitted through the District Court, Chengalpattu, and the attachment order may be hand delivered to the applicant for transmission. For Petitioner(s): Mr.A.Damodaran For Respondent(s): No appearance Page2 of 4