Arb Appln No. 1047 of 2025 IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 08-10-2025 CORAM THE HONOURABLE MR JUSTICE N. ANAND VENKATESH Arb Appln No. 1047 of 2025 Kalpana Pradeep W/o.Mr.R.Pradeep, Old No 8, New No 17, Dr Natesan Road, Triplicane, Chennai 600 005. Applicant Vs Cholan Mess Represented by Proprietor D J Praveen Antony W-190, C Sector, North Main Road, Anna Nagar West Extension, Chennai 600 101. Also at No.338/1, New Sunshine Apartments, 2nd Avenue, Anna Nagar, Chennai 600 101. Respondent PRAYER To direct the Respondent to furnish Security for a sum of Rs.12,00,000/- within a time frame, failing which order attachment of the movable property morefully described in the schedule appended to the Judges Summons pending preferring a Arbitral Claim. For Applicant: Mr.R.Thiagarajan https://www.mhc.tn.gov.in/judis Arb Appln No. 1047 of 2025 For Respondent : Mr.B.Manikandan for M/s.Inovent Law Associates ORDER This application has been filed under Section 9 of the Arbitration and Conciliation Act, 1996 for a direction to the respondent to furnish security for a sum of Rs.12,00,000/-, failing which order for attachment of the movables more fully described in the schedule appended to the Judges summons. 2. After notice was issued to the respondent, an attempt was made to settle the matter and when the matter came up for hearing on 23.09.2025, the learned counsel for respondent submitted that the respondent is intending to settle the matter with the applicant and is also willing to file an affidavit of undertaking. 3. When the matter was taken up for hearing today, it is brought to the notice of this Court that the respondent has filed a counter affidavit. As per the counter affidavit, the respondent has agreed to settle the total sum of Rs.10,50,000/- towards principal and a sum of Rs.1,50,000/- towards interest. The sum of Rs.10,50,000/- has been agreed to be paid in four tranches starting from November, 2025 onwards and ending with February, 2026. While paying the last installment in February 2026, the interest component of Rs.1,50,000/- will also be paid by the respondent to the applicant. https://www.mhc.tn.gov.in/judis Arb Appln No. 1047 of 2025 4. The learned counsel for applicant submitted that the offer given by the respondent to settle the dispute has also been accepted by the applicant. 5. Recording the above, this application stands disposed of. 08-10-2025 ss To Cholan Mess Represented by Proprietor D J Praveen Antony W-190, C Sector, North Main Road, Anna Nagar West Extension, Chennai 600 101., Also at No.338/1, New Sunshine Apartments, 2nd Avenue, Anna Nagar, Chennai 600 101. https://www.mhc.tn.gov.in/judis Arb Appln No. 1047 of 2025 N.ANAND VENKATESH J. ss Arb Appln No. 1047 of 2025 08-10-2025 https://www.mhc.tn.gov.in/judis