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2025 DAILYLAW 48666 (MAD)

Indostar Capital Finance Limited v. Murugapandiyan R

OA/377/2025 · 2025-06-09

Abdul Quddhose

Transfer Petitionbody2025

Judgment text

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Original Application No. 377 of 2025 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 09.06.2025 CORAM THE HONOURABLE Mr. JUSTICE ABDUL QUDDHOSE Original Application No. 377 of 2025 M/s.Indostar Capital Finance Limited Having its registered office & corporate office at One Indiabulls Center, 20th Floor Tower 2A, Jupiter Mills Compound Senapati Bapat Marg, Mumbai – 400 013 and having its Head Office at IndoStar Tower, 3rd Floor 22 & 23, Venkatanarayana Road T.Nagar, Chennai – 600 017, Tamil Nadu India. Represented by its Authorised Signatory … Applicant Vs. 1.Murugapandiyan R 2.Mangaiyarkarasi M 3.Chandramohan S … Respondents PRAYER: Original Application filed under Order XIV Rule 8 Original Side Rules read with Section 9(ii)(d)&(e) of the Arbitration and Conciliation Act, 1996, praying to grant an order of interim injunction restraining the 1st respondent by himself, his servants, assigns, agents, https://www.mhc.tn.gov.in/judis Original Application No. 377 of 2025 representatives, officers, trustees, beneficiaries, administrator/s or any other person claiming through or under them or under any instrument, whatsoever, from in any manner selling, alienating, transferring, parting with the possession of, dealing with, disposing of, inducting anyone into or developing or creating any third party right or interest of whatsoever nature and in any manner whatsoever in respect of their property more fully described in the schedule hereunder. For Applicant : Ms.B.Narmadha For Respondents : Set exparte O R D E R Notice sent to the respondents has been duly served. The acknowledgment cards have been filed along with an affidavit of service. The names of the respondents are also printed in the cause-list today. Despite the service of the notice on the respondents, no one has entered appearance on behalf of the respondents. Hence, the respondents are set exparte by this Court. Page 2 of 4 https://www.mhc.tn.gov.in/judis Original Application No. 377 of 2025 2. The applicant is having the benefit of an interim injunction in this application since 15.04.2025. While granting an order of interim injunction, this Court on 15.04.2025 has observed that the applicant has made out a prima facie case, and balance of convenience and irreparable hardship have also been established by the applicant. Since the respondents are set exparte by this Court, the interim injunction granted by this Court on 15.04.2025 is made absolute and accordingly, this application is allowed as prayed for. No costs. 09.06.2025 Index: Yes/ No Speaking order / Non speaking order Neutral citation : Yes / No Maya https://www.mhc.tn.gov.in/judis Original Application No. 377 of 2025 ABDUL QUDDHOSE, J. Maya Original Application No. 377 of 2025 Dated : 09.06.2025 https://www.mhc.tn.gov.in/judis