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2026 DAILYLAW 45022 (MAD)

MS CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD v. SAKHARAM CHANDRAKANT SHETKAR

Arb Appln/920/2026 · 2026-07-02

K Kumaresh Babu

Transfer Petitionbody2026

Judgment text

Extracted from the PDF above. The PDF is authoritative.

Arb Appln No. 920 of 2026 __________ Page1 of 2 J IN THE HIGH COURT OF JUDICATURE AT MADRAS DATED: 02-07-2026 CORAM THE HON'BLE MR.JUSTICE K.KUMARESH BABU Arb Appln No. 920 of 2026 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. ..Applicant(s) Vs Mr.Sakharam Chandrakan Shetkar S/o.Chandrakant ..Respondent(s) Prayer : Arbitration Application filed under Order XIV Rule 8 of Original Side Rules read with Section 9(1)(ii)(c) & (e) of the Arbitration and Conciliation Act, 1996 praying to grant an order appointing as receiver of Mr. RAVINDRA SAKHARAM SAWARDEKAR currently designated as ASSISTANT RECEIVABLE MANAGER of M/s.Cholamandalam Investment and Finance Company Limited having his officeat Chola Crest, C54 & 55, Super B-4, Thiru-Vi-Ka Industrial Estate, Guindy, Chennai-600032, to visit the respondents premises, other areas which isoccupied by the Respondent and any other premises of the Respondentalong with Local police protection to break open if necessary, and to seizeand take custody of the vehicle hypothecated with applicant being Model JCB 3DX 2WD LOADER, Chassis No. HAR3DXSSL01894900, Engine No. H00118589, and bearing Registration No. - MH05FG1632 with all accessories fitted to the asset specifically described in the schedule to the Judges Summons and hand them over to the applicant pending final adjudication of the disputes between parties through arbitration. https://www.mhc.tn.gov.in/judis Arb Appln No. 920 of 2026 __________ Page2 of 2 K.KUMARESH BABU, J. Maya For Applicant (s): Mr.Gowri Shankar for M/s.SAN LAW PARTNERS LLP For Respondent(s): No appearance O R D E R The learned counsel for the petitioner seeks permission of this Court to withdraw this application. He has also made an endorsement to that effect in the Court record. 2. Recording the same, this application is dismissed as withdrawn. No costs. 02-07-2026 Index: Yes/No Speaking/Non-speaking order Neutral Citation: Yes/No Maya Arb Appln No. 920 of 2026 Dated : 02-07-2026 https://www.mhc.tn.gov.in/judis